Budget cuts for ministries, government units in Oman

Business Wednesday 15/April/2020 13:08 PM
By: Times News Service
Budget cuts for ministries, government units in Oman

Muscat: A decision has been made to reduce budgets for all public institutions by 5%, in order to achieve financial stability and sustainability, the Government Communications Centre (GCC) announced on Wednesday.

The Ministry of Finance issued a number of directives to ministries and government units within the State's 2020 budget in order to achieve financial stability and sustainability, "Reducing the budgets of all ministries and government units by 5 per cent. Fully adhering to the revised budgets and continuing to review aspects of spending, especially consumer items and re-arranging spending priorities without core additional appropriations."

"Reducing the approved financial liquidity for development budgets by 10 per cent"," the statement added.