Oman: Fiscal pressures ease on Muscat, reducing need for bailout

Issue 1122 - 18 Mar 2021

Sources working closely with the government say Muscat may be able to avoid having to ask its neighbours for another bailout. There had been widespread speculation that the large fiscal deficit and shortage of reserves would force Oman to approach richer GCC countries to ask for further assistance in the short to medium term; such subventions would have come with a political price.

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