VOL. XXXVI

NO. 15

11-JANUARY-1993

Financial and Banking News

BUDGETS AND REVENUES

Omani Budget Shows Widening Deficit in 1993

The Omani budget for 1993,whichwasapprovedbySultan

Qabooson2January,projectsadeficitofOR440mn

($1,144mn),equivalent to 21% oftotalspending.This

figureissignificantlyhigher than deficits recorded in

recent years.The 1993budgetprojectsexpenditure11%

ahead of that in 1992,while revenues are expected to rise by only 4%.The announcement of the budgetbytheOmani

News Agency (ONA)

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