OMAN

Oman’s 2012 Budget Maintains High Level Of Social Spending 

Oman has announced a record 2012 budget, which will continue to channel government expenditure into economic and social spending focusing on growth in sectors such as education, health, employment, housing and infrastructure. The budget, approved by Royal Decree 1/2012 issued by Sultan Qabus on 2 January, is based on an oil price assumption of $75/B, up 29.3% on $58/B for 2011, and average oil production of 915,000...