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Oman to boost spending by 26 percent in 2011-2015 plan

Oman plans to boost budget spending by 26 percent to 54 billion rials ($140 billion) in its five-year plan, which ends in 2015, to create jobs and improve living standards, the Gulf Arab state's finance minister said on Sunday.

January 9, 2012 11:19 by

“It is the government’s response to the social requirements such as providing jobs, social security and unemployment benefits,” Finance Minister Darwish al-Balushi told Reuters.

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