Friday 11 January 2013

About the State Budget for the Fiscal Year 2013 | Oman Observer

The locl media described the expenditure budget of the Sultanate of RO 12.9 billion ($33.54 billion) for the fiscal year 2013 as historical, due to the increase of about RO 3 billion in the spending amount compared to the year 2012. This current expenditure makes up for 63 per cent of the total spending, including RO 3.6 billion for defence and security sector which represents 27.9 per cent of the total spending. These figures sparked a debate when recently presented to the Majlis Ash’shura Council when the members demanded a cut of RO 350 million, or 10 per cent and to be directed to other urgently needed projects in the education, health and other sectors.
About the State Budget for the Fiscal Year 2013 | Oman Observer

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