Financial impact of Oman's economic measures exceeds $3.4 bln - minister

Oman's minister for financial affairs said the financial impact of measures taken to deal with the country's exceptional economic situation exceeds 1.3 billion Omani riyals ($3.4 billion), state new agency ONA reported on Wednesday.

Oman, one of the weakest economies in the oil-rich Gulf region, has made significant cuts to government spending in recent months including a further 5% cut to government bodies and the armed forces on Wednesday.