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FINANCIAL NEWS
Oman to cut spending on health, education, defense sectors
09 Jan 2017
(MENAFN) Oman is projected to trim spending on health, education, and defense as well as on its ministries and government units 2017, while spending on oil and gas sector will grow.
Accordingly, Oman’s diversification program, coupled with priority spending, which will boost economic growth in the medium term.
This year Oman will spend OMR3.34bn for defense and security, down by OMR160mn in last year.
However, the education sector’s OMR1.58bn is a decline of OMR60mn, while health sector’s OMR612mn means OMR19mn will be saved over 2016″s spending.
M
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