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KM Financial Solutions | UPDATE 1-Oman 2020 budget projects modest rise in spending, deficit at 8% of GDP
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UPDATE 1-Oman 2020 budget projects modest rise in spending, deficit at 8% of GDP

31 Dec UPDATE 1-Oman 2020 budget projects modest rise in spending, deficit at 8% of GDP

Posted at 09:59h in News by
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Oman’s government expects to
increase spending this year by 2% to 13.2 billion rials ($34.38
billion), but its fiscal deficit will remain high at 8% of gross
domestic product (GDP), its state news agency said on Wednesday.

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