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

      Published on Friday, 15 May , 2020      867 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

Category Government, Oman News | 2020/05/15 latest update at 5:00 PM
Source : Reuters | Photocredit : Google
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