Oman’s non-oil revenues rise by 13.7%

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هذه الصفحة متوفرة بهذه اللغة: العربية

1 July 2021

MUSCAT (WAF): The government’s current revenues of Oman has increased from 971 million Omani Rials by May 2020 to 1.1 billion Omani Rials by the end of May 2021, data by the country’s finance ministry showed.

Despite the 13.7% increase in the current revenues, the government’s total revenues decreased during the same period by 18.7% due to an RO600 million drop in net oil and gas revenues.

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Oman’s spendings amounted to RO4.4 billion in the first five months of the year, registering a 3% decline compared to the state’s spendings by the end of May 2020. While the government continued to finance the oil and gas operations with RO663 million, until this task is fully transferred to Energy Development Oman Company in the second half of this year.

The financial deficit of the Sultanate amounted to RO890 million, compared to RO198.4 million at the end of May of last year.