MUSCAT: Oman’s Ministry of Finance paid dues of RO 1.631 billion to the private sector companies until the end of 2024.
Abdullah bin Salim Al Harthy, Undersecretary of Ministry of Finance confirmed that the total dues paid to private sector companies in the Sultanate of Oman stood at RO 1.631 billion.
He pointed out that the state’s general revenues in 2024 rose to RO 12.674 billion, compared to what was approved in the budget for the same year, which amounted to RO 11.010 billion. He further said that the average oil price reached USD 82 per barrel, compared to USD 60 per barrel approved in the 2024 budget, while public spending stood at about RO 12.134 billion, compared to the approved RO 11.650 billion.
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