Oman has reduced its state budget by 500 million Omani riyals ($1.3 billion) as a result of recent cuts and will take new measures to stabilize the economy, state news agency ONA reported on Sunday.
Oman’s finance ministry this week directed all ministries to reduce development budgets by 10 percent and operating budgets by 10 percent.
Last month, the government cut the budget allocated to government agencies for 2020 by 5 percent.
Read more:
Coronavirus: Oman reports 86 new cases, raising total to 1,266
Coronavirus: Oman health minister expects rate of cases to peak by end of April
Coronavirus: Oman orders all ministries to cut development budgets 10 pct
Also Read
-
Coronavirus: Oman reports 86 new cases, raising total to 1,266
Oman reported 86 new cases of the novel coronavirus in the last 24 hours, bringing the total number of confirmed cases in the country 1,266, the ... Coronavirus -
Coronavirus: Oman health minister expects rate of cases to peak by end of April
Oman's Health Minister said he expects the country's rate of new coronavirus cases to peak at 500 cases per day between April 23 and 30.Dr. Ahmed bin ... Coronavirus -
Coronavirus: Oman orders all ministries to cut development budgets 10 pct
Oman’s finance ministry has told all ministries and civilian government units to reduce approved liquidity for development budgets by 10 percent, ... Coronavirus
