Finance panel reviews health of economy

Energy Wednesday 24/April/2019 21:36 PM
By: Times News Service
Finance panel reviews health of economy

Muscat: The Financial Affairs and Energy Resources Council yesterday held its second meeting for the year at the premises of the Ministry of Finance, under the chairmanship of Darwish bin Ismael Al Balushi, Minister Responsible for Financial Affairs who is also the Vice Chairman of the Financial Affairs and Energy Resources Council in the presence of ministers and undersecretaries members of the Financial Affairs and Energy Resources Council.
The meeting reviewed a number of issues including a report on the initial closing of the final accounts of the State for the fiscal year ended on 31st December 2018 and a video presentation on the initial financial estimates for the upcoming three years.
The Financial Affairs and Energy Resources Council also acquainted with reports on the impact of international inflation on the prices in the Sultanate, the developments of the national initiative for solar energy, a report on the performance of the State General Reserve Fund for 2018 and the financial statements for the same period among other issues.