No. 04



Oman Produces Neutral Budget But Boosts Investment

Investment expenditure is the main beneficiary of the 1998 Omani budget passed by RoyalDecree on 1 January, but overall the picture is little changed from that foreseen in 1997(see table on page B7). Current expenditures and total revenues are projected to remainthe same as in the previous year. The main difference is a 21% increase in investmentexpenditure, which leads to a deficit higher by 12% at OR295mn...