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.Thisfigureissignificantlyhigher 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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