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FINANCIAL NEWS
Oman’s fiscal deficit to increase by 20pct
13 Nov 2016
(MENAFN) Oman’s fiscal deficit will widen to close to 20 percent of GDP this year, compared with its earlier estimate of 13 percent of GDP.
The government financing needs will largely be funded sue to its narrow local capital markets.
However, oil export profits have also dropped and it is predicted that the recent account deficit to reach double-digit levels by 2019.
In addition, the related deterioration in the Sultanate’s net asset position over the period, but the sovereign to remain in a small net asset position by 2019.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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