VOL. XLVII

No 01

5-January-2004

BUDGETS AND REVENUES

High Oil Prices Sustain Russian Economy In 2003; Oman 2004 Budget Based On $21/B

High world oil prices in 2003 have helped to maintain solid growth in the Russian economy and are the main factor behind the rise in the GDP growth rate to 6.8% from 4.3% in 2002, according to a Russian government report quoted by the Interfax news agency. Importantly, the world oil prices for crude oil remained the basic and decisive factors of general economic and...