BUSINESS REPORTERMUSCAT, JULY 3Oman’s Ministry of Finance, represented by the Partnership for Development Programme (PfD) and in cooperation with the Ministry of Defence, signed.
The Omani government announced an expansionary budget for the year 2022, with main consideration given to maintaining the level of spending on basic services such as education, health care, housing, and social welfare. Other considerations are reflected by measures aiming to improve the business environment and expanding public-private partnership (PPP).
In light of the Royal Decree no. (2022/1) ratifying the State’s General Budget for the Fiscal Year (FY) 2022, the guide to State’s General Budget for FY 2022 presents the key financial indicators for 2021, and 2022 Budget estimates. The 2022 Budget has been prepared amid several challenges arising from the persistent consequences of the COVID-19 pandemic.