State revenue exceed RO 1 billion till end of January 2024

Muscat: The State’s public revenues until the top of January 2024 recorded an increase by 3% to face at RO 1.014 billion in comparison with RO 982 million throughout the corresponding interval in 2023.

This rise is attributed primarily to the surge in present revenues by 132%.

Internet oil income until the top of January 2024 dropped by 1%, registering RO 595 million in comparison with RO 602 million by the top of January 2023. The common oil worth stood at USD 90 per barrel and the typical oil manufacturing stood at 1,040,000 barrels per day.

Additional, web fuel revenues by the top of January 2024 went down by 48% to face at RO 135 million in comparison with the corresponding interval in 2023.

Collected present revenues by the top of January 2024 elevated by RO 161 million to face at RO 283 million in comparison with RO 122 million collected throughout the identical interval in 2023. This rise is attributed primarily to the rise on authorities investments (RO 200 million).

Public expenditure until the top of January 2024 stood at RO 929 million, up by RO 92 million (11%) in comparison with the identical interval in 2023.

The general public expenditure of civil ministries stood at RO 680 million (down by RO 19 million) in comparison with RO 699 million throughout the corresponding interval in 2023.

Growth expenditure of ministries and civil items stood at RO 19 million, with a spending fee of two% of the full improvement liquidity allotted for 2024 (RO 900 million).

The full of contribution and different bills amounted to RO 121 million, comprising a surge by 227% in comparison with RO 37 million throughout the identical interval in 2023. Subsidy for the Social Safety System and petroleum merchandise until the top of January 2024 stood at RO 47 million and RO 26 million, respectively. Transfers for the mortgage cost merchandise stood at RO 33 million.

The state price range recorded a surplus of RO 85 million by the top of January 2024, in comparison with a surplus of RO 145 million registered over the interval in 2023.