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.
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.
IMF Staff Concludes 2022 Article IV Mission to Oman miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
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).