Oman's budget surplus rose by about 26 percent year-on-year in the first quarter of this year, as its net oil revenues grew.
According to the Omani Ministry of Finance, the general budget recorded a surplus of about 450 million riyals ($ 1.2 billion) at the end of the first quarter, compared to a surplus of 357 million riyals in the same period of 2022. The Sultanate's total revenue increased 6 percent to 3.2 billion riyals in the three months compared to 3.02 billion a year ago, while spending rose 4 percent to 2.767 billion riyals from 2.6 billion.
Source: (Asharq Al-Awsat Newspaper, Edited)
