Oman At A Crossroads | Global Finance Magazine
Advertisement Already pressed fiscally, Oman’s new leader will need to walk a fine line to restore growth and avoid domestic unrest. April 08, 2021 When Haitham bin Tariq Al Said was enthroned as Oman’s sultan 15 months ago, he wasted no time putting the economy front and center of his reform plans. But proposed spending cutbacks are meeting with resistance. The sultanate remains hugely dependent on oil and gas, which account for 76% of government revenues, S&P Global Platts calculates. Deteriorating public finances, thanks in part to Covid-19, have made cost control urgent, leaving the...
Source: gfmag.com