Oman set to post fiscal surplus this year, as higher energy prices boost revenues

Oman will post its first yearly fiscal surplus in a decade in 2022 amounting to 6.5% of the gross domestic product (GDP), said Fitch Solutions.

Earlier this week, Oman’s Ministry of Finance released data showing that the Sultanate posted a surplus of OMR784 million in in the first half of 2022, following a deficit of OMR1108 million a year earlier.

“Revenue figures were in line with our expectations, and we think that revenue will rise…