The surplus in the general budget of the Sultanate of Oman reached 44.3 percent, or 207 million riyals ($ 537.7 million), during last February, compared to 372 million riyals, during the same period in 2023.
According to the Omani Ministry of Finance, revenues reached 1.958 billion riyals in February, a decline of 9 percent, compared to 2.148 billion riyals during the corresponding period a year ago. It attributed the decline to a 4 percent drop in net oil revenues to 1.1 billion riyals and a 46 percent drop in net gas revenues to 281 million riyals.
According to the ministry, spending by the end of February fell 1 percent to 1.751 billion riyals, compared to 1.776 billion riyals a year ago.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
