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Budget 2022: Diversification top priority

Muscat: Over the past few years, the national economy experienced frequent fiscal challenges posed by a sharp drop in oil prices, lower oil demand, high public debt, and the implications caused by the Covid-19 pandemic.These challenges have adversely affected the Sultanate of Oman’s creditworthiness and borrowing cost.Moreover, the Sultanate of Oman was...
Sultanate Of Oman Oman Investment Authority Oil Reserve Fund Year Development Plan Ministry Of Economy Net Oil Revenue

Budget 2022: Full text

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...
Ministry Of Finance Ministry Of Health Fitch Moody Liwa Musunah Investor Residency Program Program Based Budget

Macao SAR chief executive calls for concerted action to create new conditions for development

Ho Iat Seng, chief executive of Chinas Macao Special Administrative Region (SAR), on Friday called on the public to have firm confidence, maintain unity, make diligent effort and take concerted action to help create new conditions for Macaos development.
Macau General Guangdong Hong Kong Ho Iat Seng Year Development Plan Macao Special Administrative Region New Year
Source: ecns.cn

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Diversification top priority

Over the past few years, the national economy experienced frequent fiscal challenges posed by a sharp drop in oil prices, lower oil demand, high public debt, and the implications caused by the Covid-19 pandemic. These challenges have adversely affected the Sultanate of Oman’s creditworthiness and borrowing cost. Moreover, the Sultanate of Oman was recently...
Sultanate Of Oman Oman Investment Authority Oil Reserve Fund Year Development Plan Ministry Of Economy Net Oil Revenue

Fiscal sustainability to be cornerstone of 2022 Oman Budget: MoF

As the Sultanate of Oman prepares to ring in the New Year, the first order of business for the Omani government today, January 1, is to present the 2022 State Budget upon its approval via Royal Decree by His Majesty Sultan Haitham bin Tarik.But pre-budget glimpses, shared by top government officials in recent days, point to a conservative budget in store for...
Ministry Of Finance Sultanate Of Oman Year Development Plan New Year Royal Decree His Majesty Sultan Haitham

Budget 2022 set to take off amid stable outlook

@samkuttyvp -The Sultanate of Oman Budget 2022 is all set to take off on January 1, 2022 amidst a vote of confidence in economy by global rating agencies following improvements in debt-to-GDP ratio and the size of the budget deficit.The budget, which comes in the second year of the Tenth Five-Year Development Plan, paves the way to implement Oman Vision 2040...
Ministry Of Finance Sultanate Of Oman Salim Al Harthy Jose Chacko Salim Al Habsi Year Development Plan

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