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By: Times News Service
Muscat:  Oman’s 2021 Budget seeks to achieve fiscal sustainability, a stable economic growth, and reduce public debt besides creating new job opportunities in the private sector.
Also, the Budget seeks to strengthen the role of private sector in the development process and has been prepared amid several challenges arising due to the COVID-19 pandemic and persistent low oil prices in the international markets. In addition to oil production cut in compliance with OPEC-plus deal and other geopolitical challenges.
The implications of these challenges were reflected in the decline in public revenue, higher deficit, and payment of balance imbalances. ....

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