Middle East Economic Survey

VOL. LII

No 2

12-Jan-2009

OMAN

Oman Unveils Expansionary Budget To Boost Growth In 2009

To sustain economic growth in 2009, Oman has adopted an expansionary budget with a doubling of the deficit. Under Royal Decree 1/2009 issued on 1 January, the Oman government announced a record budget for 2009, with total expenditure of OR6,424mn ($16,702mn), up 10.8% on 2008, total revenue of OR5,614mn ($14,596mn), up 4.0%, and a resulting deficit of OR810mn ($2,106mn), more than...