State spending will underpin economic activity but rates of GDP growth will dip. Fiscal deficits and public debt will increase as state revenues are squeezed.
Current account is now in deficit while external debt is low and FX reserves support a healthy import cover.
Oman: Low oil prices, weakened staterevenues, twin deficit - Report
Current account is now in deficit while external debt is low and FX reserves support a healthy import cover.
Oman: Low oil prices, weakened staterevenues, twin deficit - Report