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Oman to boost spending modestly in 2019 budget

Oman’s government released a 2019 state budget on Tuesday that slows spending growth but may not cut a big deficit that has caused international rating agencies to downgrade its debt to junk status. Spending this year is projected at OMR12.9bn ($33.5bn), up from OMR12.5bn in the original budget for 2018….

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