Middle East Economic Survey

VOL. LIV

No 4

24-Jan-2011

OMAN

Omans 2011 Budget Targets Social Development And Growth

Omans record budget for 2011 will continue the gearing of public expenditure towards social spending on health, education, housing and infrastructure, as well as to developing its hydrocarbon sector. The country has managed to weather the adverse effects of the global financial crisis and to reduce its budget deficit significantly, thanks to rising oil prices. At the same time...