Stay updated with breaking news from Daniel Kanda. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The sultanate’s total budget surplus increased to RO1.09bn for the January–August period of 2022 against a deficit of RO1.05bn in the same period of 2021, data released by the Ministry of Finance showed on Wednesday.
The International Monetary Fund has praised Oman's efforts in dealing with the COVID-19 crisis and reviving the economy after the pandemic.
High oil prices, continued fiscal consolidation and determined implementation of structural reforms in Oman are expected to generate fiscal surpluses and higher growth, an International Monetary Fund (IMF) mission report said.
Muscat - Favorable oil prices and continued fiscal consolidation efforts are expected to generate substantial fiscal and external surpluses for Oman, and support higher growth over the medium term, according to the International Monetary Fund (IMF).
Oman's continued fiscal consolidation efforts and the favourable oil prices are expected to generate substantial fiscal and external surpluses, and support higher growth over the medium term, says an International Monetary Fund (IMF) mission report.