Oman Boosts 2013 Budget Expenditure 29%, Hikes Oil Price Assumption
By Basim Itayim
Oman is continuing its policy of stimulating economic growth by increasing government expenditure by 29% to a new record in its 2013 budget, which was unveiled on 1 January under Royal Decree 1/2013.
The budget is based on a conservative oil price assumption of $85/B, up from $75/B in 2012, and an average oil output of...
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