28 Aug 2015
(MENAFN) Oman’s very high economic dependence on gas sector is going to add pressure to the public finance in 2015-16, although it has an ongoing solid economic growth.
Meanwhile, the country’s fiscal deficit is forecasted to expand at around 12 percent of GDP from this year onwards, as hydrocarbon-related government income drops by more than 40 percent this year.
Moreover, driven by the pressure on the oil and gas sector, GDP improvement will slow to around 3 percent over 2015-16, a decline from the 4.9 percent average amid 2005-14.
However, Oman’s high domestic savings and healthy banking sector will continue to bring stable funding for the government, therefore liquidity risk is unlikely to notably affect government debt sustainability.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more