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Oman revenues fall
- Oman: Sunday, August 16 - 2009 at 10:30
Oman's Ministry of National Economy has said that government revenues had dropped by 21.3% by the end of June 2009 to OR3,235.1m against OR4,108.5m during the same period in 2008, the Oman Times has reported. Customs charge earnings also fell by 23.6% to OR68.5m against OR89.7m. Capital revenue had also dropped by 72.1% to OR12.5m against OR44.8m. Contribution and support for the private sector fell by 22.9% as well. The ministry has attributed the decline to a 33.3% drop in the Sultanate's net oil revenues which stood at OR1,844.9m by the end of June 2009, and an 8.3% decline of gas revenues which stood at OR366.1m.
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StaffSunday, August 16 - 2009 at 10:30 UAE local time (GMT+4)
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