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Oman to boost expenditure by 9pc

Muscat, November 24, 2009

Oman will raise state expenditure by 9 per cent to RO7.18 billion ($18.65 billion) in 2010 as the Gulf state's revenues are expected to rise 14 per cent, the country's economy minister said on a state website.

Ahmad bin Abdul-Nabi Mekki said the non-Opec oil exporter will assume $50 oil price for its 2010 budget, compared to $45 in the previous year, according to the Ministry of National Economy website.-Reuters




Tags: Oman | expenditure |

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