Finance Ministry Issues Circular on National Register of Government Assets

Muscat, The Ministry of Finance today issued Circular No. 4/2021 on the National Register of Government Assets.

The circular mandates a consultant to devise the “Register Plan” with the purpose of drafting a “Government Assets Investment Strategy” (GAIS) aimed to supply the State Budget with additional financial resources.

The Ministry called upon specialists in different government units concerned to provide all data pertaining to the state-owned Assets Register.

The Ministry also asked government units to (each) nominate one of their specialists to serve as a point of reference and liaise with the team tasked with undertaking the GAIS project. The team is required to provide all relevant data and information in time to the Ministry.

The circular stems from His Majesty Sultan Haitham Bin Tarik’s Royal endorsement of the Medium Term Fiscal Balance Plan (2020-2024), which includes the National Register of Government Assets.

Source: Oman News Agency