Oman to cut 2020 govt, armed forces budget by further 5%

      Published on Friday, 15 May , 2020      660 Views     
Oman to cut 2020 govt, armed forces budget by further 5%

  • Government

Oman will cut the budgets of government bodies and the armed forces by a further 5% this year, as part of measures to offset the impact of falls in oil prices,

the state news agency cited a finance ministry statement as saying on Wednesday.

The budgets had already been cut by 5% in mid-April in response to the coronavirus outbreak.



Reporting by Alaa Swilam

Keywords:
Category Government, Oman News | 2020/05/15 latest update at 5:00 PM
Source : Reuters | Photocredit : Google
661 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Oman Today would like to give all of its readers from Oman and Gulf and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Oman Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter pages or use our RSS feed channel to always read the most important news about Oman, the Gulf and the world.