Oman sees 19% fall in revenue

Oman Thursday 01/July/2021 15:24 PM
By: Times News Service
Oman sees 19% fall in revenue
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Muscat: Oman's general budget revenues decrease compared to the year 2020.

A statement issued online by Oman News Agency said: "Revenues collected in the state’s general budget until the end of May 2021 amounted to about 3 billion and 551 million Omani riyals, recording a decrease of 18.86 per cent compared to the same period in 2020 due to the decline in average oil prices and production, which led to a decrease in oil revenues by 23.06 per cent and gas revenues by 7.08 per cent."