VOL. XLVII
No 17
26-April-2004
BUDGETS AND REVENUES
Oman 2004 Budget Projects Increased Deficit Of $1.3Bn Despite LNG Revenues
The Omani Ministry of Finance has released the figures for the government budget for 2004, projecting a rise in both revenues and expenditure against 2003 and a budget deficit up 25% at OR500mn ($1.3bn). Oil revenues are forecast to fall 10% against 2003 budget figures to OR1,654mn ($4.3bn), reflecting falling crude production in Omans maturing fields (MEES, 17 November...
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