MUSCAT: Crisis, challenges and difficulties provide an opportunity to test the nation’s readiness and its abilities, His Majesty Sultan Haitham bin Tarik said during his address to the nation on the occasion of Oman’s 50th National Day.

According to His Majesty, the current crisis has opened wide vistas for people to contribute to solutions based on innovation and creativity.
“We appreciate your response and your positive reaction to government measures under these financial and economic conditions undergone by the Sultanate with the purpose of rationalizing spending and shrinking fiscal deficit and general state debt,” His Majesty said.

“The aim of these procedures and plans is to achieve the State’s Fiscal Sustainability and to establish grounds for the execution of strategic developmental projects in all parts of the Sultanate,” His Majesty noted.

According to His Majesty the Sultan, the Omani economy will witness growth in the next five years. “Despite these challenges posed to our economy, we are certain that the Fiscal Balance Plan and its related procedures, as endorsed by the government recently, will undoubtedly steer our economy to the shores of safety. The economy will witness, during the next five years, rates of growth that meet the expectations of all citizens of this dear country,” His Majesty added.

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