Muscat: The state’s general budget has achieved a financial surplus of about RO784 million at the end of the first half of this year, compared to the financial deficit recorded during the same period in 2021.
The financial performance bulletin issued by the Ministry of Finance indicated an increase of 54.2 percent in total revenues collected until the end of the first half of this year to reach about RO 6.7 billion, compared to the same period in 2021.
The bulletin said that the increase in total collected revenues due to the rise in oil revenues is around RO3. 2 billion and gas revenues to about RO1. 7 billion.
Total public spending until the end of the first half of this year amounted to about RO5. 9 billion, an increase of 8.6 percent compared to the same period in 2021.
The Ministry of Finance said that the total dues paid to the private sector were more than RO500 million riyals by the end of the first half of this year.
