Oman set for 11 per cent public spending increase

29 September 2010

Sultanate plans to push ahead with infrastructure and development projects

Oman’s Finance Ministry has said the sultanate plans to push ahead with infrastructure and development projects by raising spending in its 2011 budget by 11 per cent, Reuters has reported. “We would like to see the 2011 spending at around OR8bn ($21bn) in consistence with growth for our development projects,” a ministry official, who declined to be identified, was quoted as saying by the news service. The government is also considering basing its 2011 budget on an average oil price of $55 per barrel, the official added.

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