No 2

14 January 2002


Oman Releases Conservative $7.5BnBudget With $18/B Oil Price Assumption

Omans budget for the year 2002,effective 1 January, which was unveiled by Minister of Finance Ahmad 'Abdal-Nabi Makki on 5 January, contains few surprises and no major policy changes,with spending set to increase by 2% compared to 2001 (MEES, 15 January2001) to OR2.87bn ($7.46bn), revenues set to rise by 0.2% to OR2.49bn ($6.47bn)and a resultant deficit of OR380mn ($987mn), 20% higher than...