Oman's economy growing at an accelerating pace.

The State Budget's public revenue registered an increase by 29.6 percent reaching OMR11.195 billion at the end of 2021 compared to the approved budget of OMR8.640 billion. The rise is attributed to the improvement of oil prices in international markets. Actual public spending by the end of 2021 went up by 14.1 percent to reach OMR12.418 billion compared to the estimates of the approved public spending of OMR10.880 billion. This rise is attributed to an increase in investment expenditure by 32.6 percent, contributions and other expenses by 9 percent and the current expenditure of government units by 4.2 percent. Actual deficit by the end of 2021 reached OMR1.223 billion, comprising a decline by 45.4 percent compared to the estimated deficit of OMR2.240 billion as a result of the improvement in oil prices and...