The public revenues in the Sultanate of Oman recorded an increase of 13.9 percent until the end of August 2021, to reach about 6 billion, 330.8 million Omani riyals, compared to the same period in 2020. This increase is driven by the improvement in oil and gas prices during the past months; Which had the effect of collecting about 3 billion and 309.4 million Omani riyals from net oil revenues and one billion and 231.3 million Omani riyals from gas revenues.
The public spending decreased by 1.7 percent compared to the same period in 2020 to reach 7 billion and 382.6 million Omani riyals. The general budget recorded a decrease in the deficit at the end of last August by 46.3 percent to reach one billion and 51.8 million Omani riyals. The Omani Ministry of Finance completed the payment of the dues to the private sector in the full documentary cycle until the end of September 2021, and received through the financial system, amounting to about 823 million Omani riyals.
On the other hand, the inflation rate rose by 2.08 percent last August compared to the same month of 2020, according to the latest data issued by the National Center for Statistics and Information on Consumer Price Index numbers, and the rate also witnessed an increase of 0.02 percent compared to the past July.
Source (Ad-Dustour Newspaper-Jordan, Edited)
