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He sultanate’s total budget surplus increased to RO631mn for the January–May period of 2022 against a deficit of RO890mn in the same period of 2021, data released by the Ministry of Finance showed.
Muscat - Reaping the benefits of strong economic recovery and higher oil and gas prices this year, Oman recorded a further RO111mn increase in its budget surplus in April.
BUDGET SURPLUS. Rizal Commercial Banking Corp. chief economist Michael Ricafort. On Friday (May 27, 2022), Ricafort attributed the PHP4.9 billion budget surplus in April to several factors, among them the continued reopening of the economy that has allowed more businesses to operate. (Photo from RCBC) MANILA - The continued reopening of the economy is seen to further lift the government's revenue collections, as shown by the PHP4.9 billion budget surplus registered in April. The Bureau of the Treasury reported on Friday that revenues in the fourth month this year rose by 19.19 percent year...
Oman recorded a budget surplus of RO357mn in the first quarter of 2022 as higher oil and gas prices boosted the sultanate's revenues.
Oman's government is planning to implement Treasury Single Account in as many as 57 government entities, according to the Ministry of Finance's Fiscal Performance bulletin released on Monday.