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Muscat: The State’s public income on the finish of Might 2024 amounted to RO 5,075 million, down by 7% in comparison with RO 5,463 million registered over the identical interval in 2023. That is primarily resulting from a lower in hydrocarbon and non-hydrocarbon revenues, in line with the Fiscal Efficiency Bulletin issued by the Ministry of Finance.
On the finish of Might 2024, the online oil income amounted to RO 2,740 million, down by 2% in comparison with RO 2,810 million registered over the identical interval in 2023. The common realized oil worth amounted to US$ 82 per barrel and common oil manufacturing reached 1,006 thousand barrels per day.
The bulletin indicated that the online fuel income on the finish of Might 2024 amounted to RO 763 million, down by 24% in comparison with RO 1,003 million registered over the identical interval in 2023. That is because of the deduction of fuel buy and transport bills from the whole income collected from Built-in Fuel Firm.
The present income on the finish of Might 2024 amounted to RO 1,562 million, down by RO 82 million in comparison with RO 1,644 million registered over the identical interval in 2023.
In the meantime, the general public spending on the finish of Might 2024 amounted to RO 4,724 million, down by RO 158 million, i.e. 3% in comparison with the precise spending of RO 4,882 million registered over the identical interval in 2023.
On the finish of Might 2024, the present expenditure of civil ministries amounted to RO 3,340 million, down by RO 25 million in comparison with RO 3,365 million registered over the identical interval in 2023.
The event expenditure of ministries and authorities items on the finish of Might 2024 amounted to RO 430 million, representing 48% of complete growth spending, i.e. RO 900 million, allotted for 2024.
On the finish of Might 2024, complete contributions and different bills amounted to RO 754 million, up by 11% in comparison with RO 678 million registered over the identical interval in 2023.
As for the social safety system subsidy, oil merchandise subsidy and transport sector subsidy, they amounted to RO 233 million, RO 137 million, and RO 30 million, respectively, by the tip of Might 2024. Moreover, an quantity of RO 166 million was transferred to future debt obligations budget-item.
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