Oman posts $220m budget surplus in January 

Oman posts $220m budget surplus in January 

Oman’s budget surplus reached nearly a quarter of a billion dollars in January, helped by public income from state investments, according to its state-owned news agency.  The surplus was OR85 million ($220 million) by the end of January, down just over 40 percent on the OR145 million surplus registered in the same month of 2023, […]

Public revenues rose 3%

Oil income has dropped 

Debt was 69% of GDP in 2020

Oman’s budget surplus reached nearly a quarter of a billion dollars in January, helped by public income from state investments, according to its state-owned news agency. 

The surplus was OR85 million ($220 million) by the end of January, down just over 40 percent on the OR145 million surplus registered in the same month of 2023, said the Oman News Agency.

Net oil revenue dropped 1 percent year on year to OR595 million while public expenditure rose 11 percent to OR929 million. 

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Oman’s budget surplus was “attributed mainly to an increase in government investments”, the news agency said, with public revenues rising 3 percent to just over OR1 billion in January. 

Public expenditure of civil ministries stood at OR680 million, down around 3 percent compared to the same period in