Oman safe debt limit estimated at 30% of GDP

Muscat – Based on studies and risk analyses conducted by the Micro Fiscal Unit of the Ministry of Finance, Oman’s safe debt limit has been estimated at 30% of GDP, enabling the government to meet debt obligations and sustain economic growth. Due to fall in oil prices since 2014, the sultanate’s general budgets recorded deficits for more than eight years, compelling Oman to finance these deficits by borrowing from local and…

https://worldnewslivetv.com/asia/oman-safe-debt-limit-estimated-at-30-of-gdp/