Oman poised to post first yearly fiscal surplus in a decade in 2022, Fitch says – The National

Oman poised to post first yearly fiscal surplus in a decade in 2022, Fitch says – The National

Oman, which recorded a budget surplus of 784 million Omani rials ($2 billion) in the first half of the year, is poised to post its first yearly fiscal surplus in a decade in 2022, according to Fitch Solutions.

The sultanate's 12-month fiscal surplus is expected to amount to 6.5 per cent of its total gross domestic product this year, Fitch estimates.

Revenue will rise further in the second half of the year because of high energy prices, it said.