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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.
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