Oman’s Subsidies in the News again

as they hit 12% of Government Expenditure

Once again Oman’s subsidies made to a variety of products is a feature of an article; today in the Times of Oman. In Oman Total subsidy and exemption estimate for 2015 is at OMR1.8 billion (thats USDollar 4.67Billion) says the Times of Oman and it will be entrenched further with the establishment of the ‘strategic food reserve’ .

According to Reuters, Oman Government expenditure this year is estimated at 14.1 billion rials ($36.6 billion).
So subsidy is about 12% of Government expenditure – which incurred a deficit of OMR1.06 billion in 2014 and is projected to increase to OMR2.5 billion in 2015.

Oman Oil waiting for Customers
Oman Oil waiting for Customers

According to Boston Consulting – private wealth in Oman Continue reading “Oman’s Subsidies in the News again”