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 inrecent 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)...