Oman Cuts Deficit
Oman’s revenue rose to OR13.4bn ($34.8bn) for 2012, 52% higher than the OR8.8bn ($22.9bn) budget figure. Total expenditure at OR13.5bn ($35.1bn) was 35% above the budgeted OR10bn ($26bn), according to figures on the 2012 closed accounts announced by the Omani Ministry of Finance. A predicted deficit of OR1.2bn ($3.1bn) was all but eliminated, with an actual deficit of OR80.6mn ($210mn) coming in 93% lower.
The increase in total...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!