Oman's budget proposal for 2014 raises defence spending by 4.1% to OMR3.7 billion (USD9.6 billion), according to a report released by the Bank of Muscat.
As a share of GDP, however, the rise will see the defence and security budget nudge down from 11.1% in 2013 to 10.8% in 2014.
The increase comes
↧