Oman Cuts Defense, Subsidy Spending, Keeps Investing As Crude Oil Declines Oman spending on “participation and support”, which includes subsidies, fell 48% to OMR189.0-M in Q-1 of this year. Oman’s government has responded to low Crude Oil prices by cutting spending on defense and subsidies, while continuing to invest in diversifying the economy, official figures […]
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