The total public expenditure of the public finance
of the state by the end of April 2017 decreased by 1.6% reaching
RO3,483,700,000 compared to RO3,538,900,000 during the same period of 2016,
while total revenues increased by 19.1% to record RO2,550,600,000 compared to RO2,141,000,000.
According to preliminary data issued by the National Center for Statistics and
Information, the deficit in public finances at the end of April 2017 amounted
to RO1,733,100,000, a decrease of 21.1% compared to the end of April 2016 when
the deficit amounted toRO2,197,900,000. The calculation of the total means of
financing amounted to RO2,599,800,000.The total amount of the bank's loans
amounted to RO1.5 million and RO 800,000. The net borrowings amounted to RO1.5
million and RO 800,000. The net borrowing was RO150,000,000 and the reserve
financing amounted to RO 500,000,000.The increase in the revenues of public finances until April 2017 was attributed
to the increase in net oil revenues by 33.7%, recording RO1,399,700,000
compared to RO1, 047,200,000.
Gas revenues increased by 8.8% to RO 461,600,000 compared to RO424, 400,000 at
the end of April 2016.Income tax on companies increased by 29.8% to RO273,600,000
compared to RO210,800,000. Capital income also
increased by 4% to RO5,200,000 compared to RO5,000,000 at the end of April
2016.On the other hand, the customs tax revenues decreased by 38.6% to RO64,
000,000 compared to RO 104,300,000 at the end of April 2016. Other income
decreased by 0.8% to RO 346,000,000 from RO349,000,000. In
terms of public expenditure, current expenditures accounted for the largest
amount of expenditure, reaching RO 2,157,817,000 at the end of April 2017, an
increase of 6.4% compared to the end of April 2016 when it was RO
2,366,400,000. Defense and security expenditures rose by 17.1% to reach RO1,026,900,000,
while those of civil ministries increased by 2% to RO1, 285,600,000. Interest
on loans recorded the highest increase in the ratio of current expenditure to
public expenditure which increased by 99.3% to RO 57,600,000.On the other hand,
oil and gas production expenses declined by 36.9% and 3%, respectively,
recording RO86,500,000 for oil production and RO 61,200,000 for gas production.
Investment expenses decreased by 15.3% to RO838,600,000 Development expenditures and capital expenditures of the civil ministries
recorded a decrease of 29% and 36.8%, respectively, recording RO 451,600,000
and RO 1,200,000 respectively. The expenditure on oil production also fell by
15.1% to RO190,100,000, while gas production expenses increased by 52.8% to
RO195, 700,000. The participation and support expenses recorded a decrease of
30.2%, recording RO127,300,000, while the actual expenses under settlement
amounted to RO800,000,000.
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