VOL. XLI

No. 09

2-March-1998

OMAN

Oman Acts To Realign Budget On The Basis Of $13.50/B

The Omani authorities have recently acted to realign their budget on the basis of$13.50/B because prevailing oil prices are lower than the originally budgeted $15/B.Savings on both capital and current expenditure in the range of OR70-80mn ($182mn-208mn)have already been approved and further revenue raising measures, thought to include ahigher airport tax and customs tariffs on certain goods, are to be...