Oman's Budget for the current financial year 2001 is likely to focus on the social sector, Oman Observer reported Thursday.
Indicating a marked increase in total expenditure and slight decrease in deficit, the budget is based on an assumed crude oil price of $18 per barrel, the paper said.
The Minister of National Economy and Supervisor of Ministry of Finance, Ahmed bin Abdulnabi Macki was quoted by the paper as saying that the budget is in line with the financial framework approved for the Sixth Five-Year Plan which accords priority to social services, especially education and healthcare.
Meanwhile, any fluctuations in the international oil price from the estimated level will be adjusted with funds made available from the State General Reserves Fund -- Albawaba.com
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