MUSCAT – The Shura Council forwarded a draft proposal of the Public Debt Law to the State Council. The proposed draft version of the law was referred to the Shura Council by the Council of Ministers during the 15th regular session of the Shura Council, which was chaired by Khalid Hilal Al Maawali, Chairman of the Council. The Shura Council also forwarded a draft law on advocacy and legal consultancies, a proposed draft law on the fund for supporting sports, cultural and youth activities, and a draft law on the protection of bank deposits.

The draft Public Debt Law aims to emphasize the necessity of stabilizing the state’s public finances, and the importance of managing the challenges that the economy is going through, by setting clear objectives for managing public debt, and organizing it according to the latest international practices.

The Shura Council also discussed the reports of its permanent committees, the Special Economic Zone at Duqm, the free zones in Sohar, Salalah, and Al Mazunah, the virtual tour of archaeological sites in Oman, ground wheat cultivation, the employment project, and the issuance of a cooperation programme for major commercial centres and business activity of groceries.