"Oman should consider fiscal reforms as a priority because continued growth in public spending may be unsustainable in the long run, its central bank said yesterday.
"Fiscal policy reforms aimed at diversifying, broadening, and rationalising the sources of government revenues need to be considered as a matter of priority," the central bank said in its annual report, published on its website (www.cbo.gov.om).
The GCC oil exporter has raised its planned budget spending for 2013 by nearly 29 per cent compared to last year's plan, to 12.9 billion rials ($33.5bn)."
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