Oman to cut 2020 govt, armed forces budget by further 5%- state news agency

Oman will cut the budgets of government bodies and the armed forces by a further 5% this year, as part of measures to offset the impact of falls in oil prices, the state news agency cited a finance ministry statement as saying on Wednesday.

The budgets had already been cut by 5% in mid-April in response to the coronavirus outbreak.