The Oman government has published the Budget for 2017. Not unexpectedly, given the country’s reliance on oil, it shows a substantial deficit which is anticipated to be 28% of Government Revenue. The deficit during the remaining years of the government’s 5-year plan to 2020 is again projected to remain between 25-30% each year. The government is anticipating a rise in its expenditure from a projected Omani Rials (OMR) 11,165Billion in 2017 to (OMR) 14,100 in 2020.
This will partially be supported by a Continue reading “Oman Budget 2017”