(MENAFN) Oman, which raised USD2.5bn from the overseas market for a widening budget gap, will mobilize loans in the future from abroad for its GDP ratio.
Additionally, whole debt of the Sultanate by the end of last year reached USD6.42mn, equivalent to 9.2 percent of its GDP.
However, Oman's debt to GDP ratio is the lowest in the Gulf region, which offers enough room for extra borrowing for development needs.
The Sultanate repaid USD316.7mn in principal and interest last year, against USD368.57mn in the previous year.
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