VOL. XLIV

No. 03

15-January-2001

OMAN

Oman Adopts Conservative Budget

Like many of its GCC neighbors, the Sultanate of Oman is adopting a conservative approach to the significantly higher oil revenues secured during the year 2000 and, despite the availability of more funds, is keeping FY2001 spending patterns broadly in line with the previous year. (Omans fiscal year matches the calendar year.) Unveiled by Omani Minister of National Economy Ahmad bin 'Abd al-Nabi Makki on 3 January, the FY2001...