Muscat Oman's revenues rose by 30.5 per cent during the first half of 2010 to 4.22 billion Omani riyals against 3.23 billion riyals during the corresponding period in 2009, according to a monthly statistical bulletin issued by the Ministry of National Economy.
The bulletin attributed this to a 54 per cent rise in Oman's oil net revenues, which stood at 2.84 billion riyals by the end of June 2010 as against 1.84 billion riyals during the corresponding period in 2009, and a 21.7 per cent rise of gas revenues to 445.7 million against 366.1 million riyals by the end of June 2009.
Customs charge earnings rose by 29.5 per cent to 88.7 million riyals during the first half of 2010 against 68.5 million riyals. Capital revenues rose by 8.8 per cent to 13.6 million against 12.5 million riyals during the first half of 2009.
Comany tax
Companies' income tax revenues fell by 29.4 per cent to 227.2 million riyals during the first half of 2010, against 322 million riyals during the corresponding period in 2009.
Other revenues declined by 2.8 per cent to 603.9 million, against 621.1 million riyals by the end of June 2009.
The government's total general expenditure rose by 8.8 per cent during the first six months of 2010 to 3.51 billion, against 3.23 billion riyals during the corresponding period in 2009.
The rise in general expenditure resulted from a 5.8 per cent hike in current expenditure, which stood at 2.11 billion, as against 2 billion riyals during the corresponding period in 2009 and a 7.9 per cent rise in the investment spending, which amounted to 1.14 billion against 1.06 billion riyals .
The support for the private sector rose by 51.1 per cent at the end of June 2010 to 251.9 million against 166.7 million riyals during the same period in 2009.
The state's general budget surplus achieved 702.8 million riyals during the first half of 2010 against a deficit by 2.5 million riyals during the corresponding period in 2009.
