Oman Achieves $1.17bn Surplus for Q1

...ffers to pay down debt.” 2022’s annual surplus of $2.98bn saw Oman end the run of 13 consecutive deficits stretching back to 2009 (MEES, 23 December 2022). The consecutive budget deficits meant debt levels have ballooned in recent years, especially after the 2014 oil price crash. Debt surged from 4....