The government expects revenues of 8.64 billion riyals based on an oil price of $45 dollars a barrel, 19 percent less than in 2020.The Gulf sultanate of Oman unveiled a 2021 budget on Friday that foresees a deficit of 2.24 billion riyals ($5.7 billion), despite a 14 percent cut in spending. The government expects revenues of 8.64 billion riyals based on an oil price of $45 dollars a barrel, 19 percent less than in 2020, the official Oman News Agency reported. Spending is set at 10.88 billion riyals, 14 percent less than in 2020. The government plans to finance 73 percent of the deficit through borrowing on local and international markets, and the rest from state reserves. With output of
Hence then, the article about oman foresees 5 7 bn deficit in pared down 2021 budget was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Oman foresees $5.7 bn deficit in pared down 2021 budget )