VOL. XLVI

No 16

21-April-2003

OMAN

Oman Budget Projects $1.04Bn Deficit For 2003

The Omani budget for 2003, which was approved by Sultan Qaboos at the beginning of the year, projects total revenue of OR2.60bn ($6.75bn) and total expenditure of OR2.94bn ($7.63bn), with a deficit of OR400mn ($1.039bn). Revenues and expenditure rise by 4.4% and 2.4% respectively against budget figures for 2002, which forecast a deficit of OR380mn ($987mn MEES, 14 January 2002). Although no closed accounts figures...