VOL. XXXVII

NO. 44

1-AUGUST-1994

Financial andBanking News

Budgets & Revenues

New Figures Show Omani Current Account Deficit Increases

In 1993 Oman's current account deficit rose to $904mn in 1993, according toprovisional figures recently published by the Central Bank of Oman. The increaseis partly attributable to the fall in oil prices at the end of the year, buthigher imports also played an important part. The overall deficit (current andcapital accounts) of $649mn was covered by the Central...