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KFH Group Wins 3 Awards from IFN

KFH Group Wins 3 Awards from IFN
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Oman Budget 2022: Spending on basic services maintained

The Omani government announced an expansionary budget for the year 2022, with main consideration given to maintaining the level of spending on basic services such as education, health care, housing, and social welfare. Other considerations are reflected by measures aiming to improve the business environment and expanding public-private partnership (PPP). ....

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The reform challenge: What Oman (and others) might learn from Egypt

Parallels in experience may offer guideposts for managing change. ....

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IMF projects Oman's non-oil economy will grow by 1.5% in 2021

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The International Monetary Fund forecast that Oman’s non-oil gross domestic product will grow by 1.5 per cent this year and could improve to 4 per cent by 2026 if fiscal measures are successfully carried out.
The sultanate introduced a Medium-Term Fiscal Adjustment Plan that aims to boost non-oil revenue and various other public sector reforms to fuel economic growth, the lender said at the end of its online mission to the Gulf country from January 17 to 31.
“Steady implementation of fiscal adjustment plans would strengthen fiscal and external balances substantially over the medium term,” the IMF said.
However, medium-term fiscal consolidation would weigh on growth, it said. ....

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COVID took heavy toll on Oman's economy in 2020: IMF Staff Report

A mild recovery of 1.5 per cent in non-oil GDP growth is projected for 2021 ....

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