Oman hikes budget plans by 30 per cent
In its budget for 2013, Oman has raised state spending by 30 per cent from the original 2012 plan.
Oman's 2013 budget envisages spending of OMR 12.9 billion ($33.5 billion) as the Government provides social benefits it promised after Arab Spring protests in 2011, reported Reuters.
Actual spending last year was around OMR 13 billion, 30 per cent higher than planned, and analysts believe actual spending may continue increasing this year, said the newswire.
- Is corruption becoming a systemic practice in Turkey?
- Opportunities and challenges for investing in Egypt's renewable energy sector
- Egypt's financial aid: where does it come from and where does it go to?
- Dual citizenship: double the opportunities or challenges?
- The Middle East's entire 'Wasta' culture needs to go down the drain