Mubasher: Oman's Council of Ministers gave the go ahead for a number of measures to dampen the impact of lower oil prices, according to the council’s statement.
The measures include cutting government spending, developing non-oil sector, imposing higher corporate income tax, raising charges on government services and amending prices to be in line with global prices as of mid-January 2016, reported Oman News Agency.
The council reviewed and approved the Sultanate’s draft budget and investment plan for 2016.
