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Oman expects public debt to top $56 billion by end-2021: Document

Oman expects public debt to top $56 billion by end-2021: Document SECTIONS Last Updated: Jan 03, 2021, 04:05 PM IST Share Synopsis Oman expects a 2021 budget deficit of 2.24 billion rials as public spending of 10.88 billion tops revenue of 8.64 billion, the finance ministry document showed. To make up the shortfall the government aims to raise about 1.6 billion through borrowing and draw 600 million from its reserves. iStock Oman expects total debt service payments of 1.2 billion rials in 2021, the ministry document said. DUBAI: Oman expects its public debt to reach around 21.7 billion rials ($56.37 billion) by the end of 2021, with international borrowing making up 76% of total public debt, a finance ministry document showed.

صدى البلد: مسقط تقرر حل المجموعة العمانية للطيران وشركة ترانزوم وتوضح مصير الموظفين

صدى البلد: مسقط تقرر حل المجموعة العمانية للطيران وشركة ترانزوم وتوضح مصير الموظفين
elbalad.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elbalad.news Daily Mail and Mail on Sunday newspapers.

2020 in review: Adieu to modern Oman s founding father

Cairo: The death of Oman’s Sultan Qaboos Bin Saeed on January 11 triggered an outpouring of grief inside his country and beyond. He passed away aged 79 after ruling Oman for nearly 50 years, leaving behind an indelible legacy at home and in the rest of the world. The late sultan significantly transformed the Arabian Peninsula country in different walks of life, an accomplishment that has earned him the nickname, the founding father of modern-day Oman. When he took power in 1970, Oman had only three schools, two hospitals and six kilometres of paved roads. Once at the helm, Qaboos embarked on converting Oman from a backwater into a progressive country, by launching a series of ambitious schemes promoting education, healthcare, trade and road links.

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