Inflation: Down, Reserves: Up

27 04 2009

Oman has lots ‘o’ money. Which is good, ‘coz inflation drops. And it did (bottom half). As for the budget surplus, I really can’t tell what to do with it. Medical services is one field that comes to mind. I’m still being harangued by these private medical clinics whose interest lies more in the bottom line rather than sick people. I really do think that education (specially higher and professional education), medical services and emergency/civil services are very much no-go areas for private companies. NO, at all costs. Since in these areas the quality of service provided HAS to be dependant on nothing, not something as stupid as the bottom line, comparatively. A person’s knowledge level/mental treatment, physical treatment and saving lives has no value. Private entities are going to squeeze you for it. Who can easily stop using a medicine or forego the fire brigade just ‘coz he/she can’t pay for it?

Anyhooo, we have a surplus. Maybe we can get a govt-run hospital where expats are allowed? Allowed peace of mind?

This should be apicture of a newspaper clipping!

This should be a picture of a newspaper clipping! http://archive.gulfnews.com/articles/09/04/13/10303653.html

Menafn reports that Oman’s inflation index has decreased from 9.4% to 7.9%. They say this is due to lower prices of crops, fuel and other thingies. The break down of the General Index is interesting:

Jan 2008: 9.4%  v/s  Feb 2009: 7.9%

Jan 2009: 8.1%  v/s  Feb 2009: 7.9%

Foodstuff, soft drinks & tobacco:  -1.7%

Crops & Products to:  -2.1%

Meat & Poultry:  -1.5%

Oil & Fats:  -2%

Fisheries:  -5.3%

Milk & Products:  -2.7%

Transport & Communications Group:  -0.1%

Personal commodities & other service:  +4.9%

Textile, readymade garments, shoes, medical services & education services: +-0%

House leasing, electricity, water and fuel:  +0.2%

Furniture & Households:  +0.4%

Recreational & Cultural services:  +0.2%

Go Fish!

-TFK