Oman Warns Of Imminent Belt Tightening
Despite unveiling a record budget for 2013 just three months ago, Oman has said it expects the growth in government expenditure to slow in the coming years as it looks to ‘normalize’ its fiscal policy post-Arab Spring and global financial crisis.
The Omani government boosted spending on both welfare and job creation initiatives in 2011 in an attempt to quell the social unrest that threatened...
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