Middle East Economic Survey
Omans 2012 Budget Foresees 9% Growth In Public Spending
Oman has allocated a total of OR10bn ($25.64bn) for public expenditure in the sultanates budget draft for the year 2012, which was approved on 23 November by the newly elected 84-member Shura Council. On the revenue side meanwhile, the budget forecasted earnings of OR8.8bn ($22.77bn) for the coming year, representing a 20.9% increase on last years OR7.3bn ($18.89bn). Of this,...