Oman Budget 2021 to boost growth

Oman Budget 2021 to boost growth


(See translation in Arabic section)

MUSCAT: Sultan bin Salim al Habsi, Minister of Finance, said that the State General Budget for Fiscal Year 2021 has been prepared in such a manner as to be compatible with the priorities of Oman Vision 2040 in accordance with the financial framework of the 10th Five-Year Plan, taking into consideration the main objectives and trends aimed at achieving fiscal sustainability, reducing public debt and achieving economic growth rates that contribute to the employment of nationals and continue to reinforce the role of the private sector in the development march.

In an interview with Oman News Agency (ONA), the minister said that a package of initiatives has been adopted with the aim of improving and sustaining financial performance for 2021, boosting economic growth in line with the government’s aim to achieve in medium and long terms fiscal balance.

This includes continuation on the implementation of the Medium-Term Fiscal Balance Plan (2020-2024) initiatives, studying the preparation of a general framework for the Public Debt Law in addition to setting up the unified treasury account and complementing the implementation stages of balancing programmes and performance and rolling out a tender for unified government financial system.


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