The Omani economy is making remarkable progress

Muscat Media Inn: The Omani economy has achieved remarkable progress according to the current growth rate, as it is expected to record 40 billion Omani riyals by the end of this year. This progress is pushing the public debt-to-GDP ratio to fall to nearly 46%. The gross domestic product rose to more than 20 billion riyals in the first half of 2022 compared to 15 billion riyals during the same period of the previous year. Data issued by the Ministry of Finance indicate a decline in the volume of public debt to 18.4 billion Omani riyals at the end of last August.