Oman is more than halfway towards meeting its financing needs for 2021
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Oman is more than halfway towards meeting its financing needs for 2021

Oman is more than halfway towards meeting its financing needs for 2021

The government has OMR1.83bn left to raise after so far borrowing OMR1.77bn and withdrawing OMR600m from the Oman Investment Authority

Oman is more than halfway toward meeting its total financing needs of OMR4.2bn ($10.9bn) for the year, according to the Finance Ministry.

The government has OMR1.83bn left to raise after so far borrowing OMR1.77bn and withdrawing OMR600m from the Oman Investment Authority — the country’s wealth fund — as of end-March.

“This shows that Oman has successfully covered most of its financing needs,” the ministry said in its monthly fiscal report. The remainder “will be raised during the current year,” it said.

The nation’s public debt is “within controllable limits,” according to the report.

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