Oman To Announce 2015 State Budget On Thursday

Oman has been considering a range of spending cuts and tax rises, including a levy on the remittances of foreign workers.



Oman’s government will announce its 2015 state budget plan on Thursday, the finance ministry said on Wednesday.

A news conference on the budget will be held at 10 a.m. local time (0600 GMT) on Thursday.

The government has been considering a range of spending cuts and tax rises, including a levy on the remittances of foreign workers back to their home countries, in response to the recent plunge of oil prices, which is expected to push the Omani budget into the red next year