Oman's spending in state budget during the first quarter of 2016 dips

Business Saturday 25/June/2016 22:02 PM
By: Times News Service
Oman's spending in state budget during the first quarter of 2016 dips

Muscat: General spending in the state budget during the first quarter of this year has decreased by 1.9 per cent to OMR2,395,500,000 compared to the first quarter of last year, said the Ministry of Finance.
The National Statistics and Information Centre in its monthly statistics said the above statistics received from the Ministry of Finance showed that the current expenditures for the sectors of defence and national security, ministries and interests on loans and expenses of production of oil and gas have decreased to OMR1,628,700,000 during the first quarter of this year against the same period last year.
The current expenses for the defence and national security sector increased by 3 per cent to reach OMR584, 500,000.
The contributions and support during the first quarter of this year decreased by 47, 8 per cent to OMR98,600,000 compared to OMR189,000,000 during the same period of 2015.