The qualitative improvement in the functionality of the Omani economy is the result of the good fortune of the economic and monetary policies followed.
Muscat: The economic recovery has been reflected in the accumulation of the industry surplus, which increased at a remarkable rate of 185. 8% to around OMR 4710 million in the first part of 2022, said His Excellency Dr. Nasser Al Mawali, Undersecretary for Economy. . .
He explained that the qualitative improvement in the functionality of the Omani economy is the result of the good fortune of the economic and monetary policies followed, while the stimulus packages aimed at stimulus measures have contributed to its team spirit and the recovery of higher positive growth. .
His Excellency under pressure that maintaining moderate levels of inflation is a basic gain of economic policy, as it allows the Sultanate of Oman to cope with the crisis in food supply chains.
His Excellency added that the functioning of public finances indicates a minimum in the overall public debt of the Sultanate of Oman of 11. 5% to reach around OMR 18. 4 billion by the end of August 2022.
His Excellency says that existing economic situations offer room for broader expansion to adopt flexible economic development plans and growth options, and gross domestic product is expected to continue on its upward trajectory in the current part of 2022.
His Excellency Dr. Nasser Al Maawali confirms that the Ministry of Economy frequently monitors the various global economic adjustments and their repercussions on the national economy with the aim of making possible economic options considered capable of coping with all global adjustments.
He said that the Ministry of Economy is constantly monitoring global economic adjustments and their repercussions on the national economy with the aim of enabling economic options considered capable of coping with all global adjustments.
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