Скачать или смотреть Oman Budget 2020 hikes public spending to create jobs

Oman has increased the total public spending to OMR13.2 billion in the 2020 Budget, increasing by OMR300 million, which is 2 per cent higher compared to last year’s budget.

The spending on investment projects, particularly job creation projects that have economic returns, is expected to reach OMR5.3 billion, out of which OMR2.7 billion will be paid by state-owned enterprises (SOEs) for service and industrial projects, according to the Ministry of Finance Budget document.

Also an amount of OMR1.3 billion will be spent by various government organisations on infrastructure projects. In addition, an amount of OMR1.3 billion will be allocated for oil and gas production. These projects will eventually help in generating more job opportunities.




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