The Omani Minister of National Economy, Ahmed Makkei, stated that the 2002 general budget contains an OR 380 million ($987 million) projected deficit, equivalent to 15 percent of the government’s revenues and five percent of the local GDP reported Al-Hayat . The country’s anticipated budget deficit in 2002 constitutes a 17 percent rise compared to last year’s $811.5 million deficit. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
