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Statement on State's General Budget for Fiscal Year 2020


Statement on State’s General Budget for Fiscal Year 2020
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Muscat: The Ministry of Finance (MOF), in coordination with the Supreme Council for Planning (SCP) on Wednesday issued the statement on the State’s General Budget for the fiscal year 2020. This statement presents key financial and economic indicators for FY 2020, and the preliminary results of FY 2019. This is in order to ensure transparency and to inform the citizens, investors, domestic and international institutions of Oman’s fiscal policy for FY 2020.
The State’s General Budget is the main economic instrument, which reflects the Government’s policies and objectives. It can also be defined as a financial programme prepared for the upcoming financial year with the aim to achieve specific objectives within the framework of an approved development plan. The Budget sets out the estimated total revenue and spending on social and economic development. ....

Al Batinah , Ministry Of Finance , Al Wustáu , Z Ufar , Oman Development Bank , Ras Markaz , Al Mudhaibi , Madinat Al Irfan , Mina Sultan Qaboos , International Monetary Fund , Ras Markaz Crude Oil Storage Terminal , National Economy , National Recruitment Centre , Central Bank , Shomookh Complex For Mining Industries , National Programme For Enhancing Economic Diversification Tanfeedh , National Subsidy System , Al Raffd Fund , Liwa Plastics Industries Complex , Tax Authority , Partnership Law , Year Development Plan , Oman Food Investment Holding Company , Oman Housing Bank , National Centre For Statistics , National Training Fund ,

Move to develop Customs Bonded Warehouses in Oman


Move to develop Customs Bonded Warehouses in Oman
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MUSCAT, SEPT 16 - Promising headway is being made in preparing the groundwork for the growth of Customs Bonded Warehouses at key locations around the Sultanate a move that could potentially add RO 100 million annually to the Gross Domestic Product when it is a reality tentatively by the year 2020. The initiative is being spearheaded by Tanfeedh the National Programme for Enhancing Economic Diversification with the support of a number of stakeholders, notably the Royal Oman Police Customs, Ministry of Transport and Communications, Ministry of Commerce and Industry, Oman Global Logistics Group (ASYAD), Second and Third Party Logistics firms, and shipping and freight forwarding agencies. ....

Z Ufar , United States , Conrad Prabhu , National Programme For Enhancing Economic Diversification , Oman Global Logistics Group , Ministry Of Commerce , Royal Oman Police Customs , Third Party Logistics , Customs Bonded Warehouses , Gross Domestic Product , National Programme , Enhancing Economic Diversification , Bonded Warehouses , Value Added Tax , Customs Bonded Storage , ஒன்றுபட்டது மாநிலங்களில் , தேசிய ப்ரோக்ராம் க்கு மேம்படுத்துகிறது பொருளாதார பல்வகைப்படுத்தல் , ஓமான் உலகளாவிய தளவாடங்கள் குழு , அமைச்சகம் ஆஃப் வர்த்தகம் , அரச ஓமான் போலீஸ் சுங்க , மூன்றாவது கட்சி தளவாடங்கள் , சுங்க பிணைக்கப்பட்ட கிடங்குகள் , மொத்த உள்நாட்டு ப்ராடக்ட் , தேசிய ப்ரோக்ராம் , மேம்படுத்துகிறது பொருளாதார பல்வகைப்படுத்தல் , பிணைக்கப்பட்ட கிடங்குகள் ,