IMF warns Oman on double-digit deficits
Issue 993
- 22 May 2015
| 5 minute read
The International Monetary Fund (IMF)’s latest Article IV consultation for Oman concluded with a polite restatement of the macroeconomic problems confronting the sultanate, and the recommendation that further fiscal reform is essential, amid continuing pressure on macroeconomic balances from the soft oil price and a tendency towards overspending by the government, to buy social peace. The overall fiscal deficit is projected at 14.8% of GDP in 2015 and seems set to rise further unless the government takes urgent remedial action.
Don't have an account?
Register for access to our free content
An account also allows you to view selected free articles and set up news alerts.
Register