Friday 26 / July / 2024
Muscat: The State’s General Budget of Oman registered a surplus of OMR520 million at the end of April 2023 compared to a surplus of OMR468 million achieved over the same period in 2022.
The Ministry of Finance affirmed that the government will continue utilising the surplus for liability management exercise and reducing public debt, enhancing social spending and stimulating economic recovery.
As far as public spending is concerned, it amounted to OMR3.87 billion at the end of April 2023, up by OMR123 million, 3 percent compared to actual spending over the same period in 2022. This is due to an increase in current expenditure of civil ministries.
Current expenditure at the end of April 2023 amounted to OMR2.67 billion, down by OMR269 million, i.e. 9 percent when compared to an amount of OMR2.94 billion registered over the same period in 2022. With ONA inputs
