MUSCAT: Ministry of Finance has asked all government entities to reduce their operational and administrative expenses for the current year by 10 per cent, The Arabian Stories has learnt.
In a circular issued early this week, the Ministry also directed the government entities to stop any new projects this year.
The decision from the finance ministry is aimed at reducing the government spendings. According to the circular issued by His Excellency Ismail bin Darwish Al Balushi, the ministry also asked to halt all external training courses and workshops, attending conferences and exhibitions, and reducing the budget for official trips by at least 50%.
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The measures approved by the government come from His Majesty Sultan Haitham bin Tarik to take “the necessary financial measures to cope with the fallouts resulting from the low oil prices,” the circular added.
