NO. 3


Financial and Banking News

Budgets & Revenues

Higher Oil Revenues Slash Oman's Budget Deficit

Oman's budget deficit shrank to OR11.1mn ($29mn) in 1990, compared to abudgeted figure of OR313.4mn, according to provisional figures prepared by theMinistry of Finance and Economy and published in the latest issue of Al-Markazi,the Central Bank of Oman newsletter. The provisional figures project net oilrevenues of OR1,538.0mn, up 36% on the budgeted figure, and the...