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Oman News

Oman’s general budget records surplus of over 1.1 billion

Sultanate of Oman’s general budget recorded a financial surplus of about OMR 1,123,000,000 by the end of September 2022, compared to a deficit of one billion and 30 million riyals in the same period in 2021

TAS News Service

info@thearabianstories.com

Monday, November 7, 2022

MUSCAT: The financial performance bulletin issued by the Ministry of Finance indicates that Sultanate’s public revenues rose by 43.4 % until the end of September 2022, registering about OMR 10,560,000,000 , which has been credited to the rising oil prices and production.

The bulletin shows that public spending until the end of last September amounted to OMR 9,444,000,000, which is an increase of OMR 1,046,000,000, or 12.5 % over the actual spending for the same period in 2021.

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