Omantribune
Oman Tribune
Omantribune
Omantribune Search News
Web Oman
    Google Search Button
      Tribune
- Oman
- Soccer World Cup
- Other Top Stories
- Middle East
- Business
- Sports
- India
- Pakistan
- Asia
- Europe
- Americas
- Columnists
- Editorial
- Oman Mirror
- Special Features
- Cinema
- PDF Pages
- Weather
- Travel
- Currency Rate
- Hospitals
- Pharmacies
- Services
- Flight Timings
- Museum Timings
Omantribune Home Omantribune About Us Omantribune Advertising Information Omantribune Archives Omantribune Subscribe-Form Omantribune Jobs Omantribune Contact Us
Monday, July 28, 2014  

Sultanate’s revenues jump 40% to 4.6b rials
MUSCAT The Sultanate’s revenues rose 39.6 per cent to 4.6 billion rials during April 2012 from 3.29 billion rials in the corresponding period last year, according to a monthly report.

The State’s General Budget surplus stood at 1.47 billion rials during April 2012 as against a deficit of 114.3 million rials in the same period last year.

The report attributed the rise to higher oil revenues. Sultanate’s oil revenues increased 35 per cent to 3.27 billion rials during the month as against 2.42 billion rials in the same month last year, while revenues from gas exports surged 108 per cent to 687.1 million rials in April as against 330.3 million rials last year.

Custom charge earnings also rose 40 per cent to 66.1 million rials during the month as against 47.2 million rials in the same period last year, while capital revenues declined 36.9 per cent to 4.1 million rials against 6.5 million rials last year.

Income tax revenues of the companies in the Sultanate rose 70 per cent to 132.6 million rials during April from 78 million rials last year.

Other revenues also increased 6.9 per cent to 441.7 million rials as against 431.3 million rials in the same period in 2011.   

The government’s total general expenditure jumped 25.8 per cent during April 2012 to 3.13 billion rials as against 2.49 billion rials in the same period last year. The report pointed out that the rise in the general expenditure was on the back of a 41.7 per cent increase in current expenditure that stood at 2.02 billion rials in the month from 1.42 billion rials last year.

The contributions from the private sector rose 79.8 per cent to 341.7 million rials during the month as against 190 million rials in 2011.   The Sultanate’s investment spending declined 11.8 per cent to 771.6 million rials as against 875.3 million rials in the same month last year.    

Oman News Agency
NEWS UPDATES
Oman
Salalah turns tourist hot spot
150 Tabseel sites get ready in Al Mudhaibi
Bait Al Zubair to stay open
Other Top Stories
Army captures Homs gas field as IS advances
5 die in bomb attack on Nigeria church
Eid to be celebrated on Tuesday
97 killed as militias try to capture Libya airport
Cameroon deputy PM’s wife abducted
India
Jurists’ views to be sought on bill to scrap collegium
Government mulls amendments to curb misuse of anti-dowry law
38 held, blame game starts over violence in Saharanpur
CBI inquires into Google mapping of defence installations
India move will boost ties: Nepal
Mobile wallet needs more time to gain fans
Pakistan
Government bid to call out army to secure Islamabad challenged in court
Islamabad saw more sectarian killings in 2013 than preceding decade
Middle East
Al Qaeda rebels kill 8 in Yemen
Militiamen parade bodies of IS rebels in Iraq city
In IS-ruled Mosul, residents in state of fear
No clue about cause of Air Algerie crash
Asia
Tainted Chinese food supplier to withdraw items
Philippines welcomes 100 millionth infant
Malaysian Airlines in financial turmoil
Bali goes ahead with mass dog culls despite criticism
Business
India’s rating to stay stable, says Morgan Stanley
Qatar spending growth at 11-year low
BSkyB to buy German, Italian firms to create EU media powerhouse
New asset bubbles likely to derail tepid global recovery
Cairn looks to extend Rajasthan oil block permit
Reliance Power to acquire Jaypee’s hydro projects
Fox likely to sell CNN despite higher tax bill, may not spin it off
India mulls media blitz to woo foreign investors
Sports
Hungry Ricciardo tastes victory
Dyke calls for overhaul in FA’s governing council
Test poised for close finish between Sri Lanka and S. Africa
Ashmeade, Gemili cruise in 100m
Kittel wins final stage but Nibali is 2014 champ
Dhoni warned by ICC over Jadeja row
Cook misses ton but Ballance makes up for captain

Sports


International

© 2013 Oman Tribune. All rights reserved. Best viewed in 800 X 600 resolution