Muscat, The Financial Affairs and Energy
Resources Council (FAERC) today held its 6th meeting for 2019 under
the chair of Darwish bin Ismail al-Balushi, Minister Responsible for
Financial Affairs, FAERC Deputy Chairman.
The Council reviewed the draft state general budget for the fiscal
year 2020. It also reviewed the latest developments related to global
economic situations and their implications on the national economy and
state general budget, as well as trends of global oil prices and the
measures necessary to achieve financial sustainability and improve the
Sultanate's credit rating.
The Council also viewed performance of the national economy
and public finance for 2019 and decided to refer the draft budget to the
Council of Ministers.
The Council also viewed some reports pertaining to oil and gas
Source: Oman News Agency