Oman's first quarter budget revenue down falls as oil income drops
Oil revenue for the OPEC+ member was down 13% at 1.468 billion rials in the first three months of the year, from 1.688 billion rials in the first quarter of 2024, with gas revenue down 2% to 436 million riyals.
Public spending rose 4% to 2.771 billion rials from a year earlier, according to the state news agency.
The sultanate's public debt eased to 14.3 billion rials from 15.3 billion rials. The finance ministry paid more than 304 million riyals in arrears to the private sector during the quater. ($1 = 0.3850 Omani rials)
(Reporting by Menna Alaa El-Din and Tala Ramadan and Ahmed Elimam; Writing by Menna Alaa El-Din; Editing by Kirsten Donovan)
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