The whole finances of the Sultanate of Oman reached a monetary surplus of 357 million Omani rials on the finish of the primary quarter of this 12 months, based on the month-to-month bulletin issued by the Ministry of Finance.
The bulletin states that till the tip of the primary quarter, authorities revenues elevated by 66.3% and amounted to about three billion 25 million rials, in contrast with revenues acquired in the identical interval in 2021, which amounted to at least one billion 819 rials. million rials.
This improve was primarily as a result of a 70.2% improve in web oil revenues on the finish of the primary quarter, amounting to about 1.565 billion rials, in comparison with the identical interval in 2021.
The bulletin stated that whole authorities spending via the tip of the primary quarter of this 12 months was about 2 billion 668 million rials, up 3.8% from precise spending for a similar interval in 2021.