Pressure for Oman to keep increasing its state spending every year is decreasing because the country has finished building most of the infrastructure it needs, finance minister Darwish al-Balushi said on Tuesday.
Speaking to reporters at a meeting of Arab finance ministers and central bank governors in Dubai, he said that in contrast to last year, Oman did not expect this year to spend more than it had originally budgeted.
"As far as the budget is concerned, we have in this year's budget taken all the anticipated expenditure to sustain the expected growth. We do see any unexpected expenditure to occur during the year," he said.
Read more: http://www.arabianbusiness.com/oman-finance-minister-signals-spending-restraint-496369.html
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