The State Council and Majlis Ash’shura received Sultan bin Salim al Habsi, Minister of Finance and Dr Said bin Mohammed al Saqri, Minister of Economy, as part of the two councils’ study of the state’s draft budget for the fiscal year 2022, on Monday.


The members of the two councils were briefed about the details of the budget.


The under-secretary of the Ministry of Finance presented a visual display explaining the volume of oil and non-oil revenues, estimation of the general expenditure, the growth rate, the government’s financial position and its fiscal and financial policy, investment volume, the national saving rate, the level of oil and gas production and the expected prices and the projects and programmes that the government is plans to implement during the Tenth Five-Year Development Plan.

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