Economics
Oman Asks Ministries to Rethink 2021 Spending to Reduce Deficit
- Oman says next year’s fiscal plan shouldn’t exceed 2020 budget
- Gulf state is hard hit by coronavirus pandemic and lower oil
Photographer: Christopher Pike/Bloomberg
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Oman’s government has asked ministries to slow down projects and identify spending priorities as it looks to tackle the widest budget deficit among Gulf Arab economies.