Oman’s actual budget deficit declines 45.4% in 2021

Oman’s actual budget deficit by the end of 2021 was OMR1.223 billion ($3.18 billion), a 45.4% decline compared to the estimated deficit of OMR2.240 billion as a result of the improvement in oil prices and the rise in oil revenue.

Public revenue registered an increase by 29.6% reaching OMR11.195 billion at the end of 2021 compared to the approved budget of OMR8.640 billion. The rise is attributed to the improvement of oil prices in…