Friday 1 January 2016

Oman approves its 2016 General Budget with estimated deficit of 3.3b riyals | GulfNews.com

Oman approves its 2016 General Budget with estimated deficit of 3.3b riyals | GulfNews.com:

"Oman’s government has approved the 2016 General Budget with a deficit of 3.3 billion riyals (Dh12 billion).

Darwish Al Beloushi, the Minister Responsible for Financial Affairs, said that the total revenues for 2016 are estimated to 8.6 billion riyals, while expenditure is estimated to 11.9 riyals in 2016.

Al Baloushi told Oman News Agency that the Omani government posted a budget deficit of 4.5 billion riyals in 2015."



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