Oman's public debt expected to decrease

Muscat: The public debt of the Sultanate of Oman is expected to decrease by the end of July to reach OMR 18.6 billion, compared to the record at the end of 2021, which amounted to about OMR 20.8 billion.

"The Sultanate of Oman will repay a high-cost financing loan of OMR 512 million this month, ahead of its due date. The government of the Sultanate of Oman was able to buy back some international bonds before their maturity by holding the first auction of its kind in the region, with an estimated value of OMR 269 million, less than the face value of these bonds when they were offered, " Oman News Agency (ONA) said in a statement.