Oman will reduce defence and security spending by 4.6% in 2017 as part of measures to rein in the sultanate's budget deficit. Total spending will fall to OMR3.3 billion (USD8.7 billion) from OMR3.5 billion in 2016.
Oman's ninth five-year plan, covering 2016-20, had suggested that spending would increase by 2.9% to OMR3.6 billion in 2017, and would continue to rise over the period to reach OMR3.9 billion by 2020. However, the cuts announced for 2017 suggest that the expenditure targets laid out in the plan may now be revised.
The reduction in spending proposed in the 2017 budget represents the second successive cut to the defence and security budget, following a 7.9% cut in 2016.
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