VOL. XLIII
No. 04
24-January-2000
OMAN
Oman Releases Cautious Year 2000 Budget With $14.50/B Oil Price Assumption
The cautious nature of Omans 1999 budget is echoed by that for the year 2000, which was passed by Royal Decree on 1 January and unveiled by Omans Minister of Finance, Ahmad bin 'Abd al-Makki, the following day. Despite a more optimistic oil price assumption $14.50/B compared to $9/B the previous year and a projected 37% increase in revenues to OR2,091mn ($5,431mn), total expenditure...
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