Oman has announced a 2.7% increase in its defence and security budget for 2015. Under the new budget, related expenditure will increase to OMR3.8 billion (USD9.9 billion) despite earlier suggestions of potential cuts to related spending. According to the budget, released by the Ministry of Finance on 1 January, defence and security spending will account for around 27.0% of state spending down marginally from its recent high of 27.7% in 2013. Spending will also fall as a percentage of GDP from 10.8% to 10.3%.
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