The council reviewed some of the financial performance indicators until the end of April, this year, including general revenues, expenditure, actual deficit and deficit financing instruments, and approved a number of steps aimed at achieving financial sustainability. The meeting also included a presentation on executive procedures for application of the excise tax, in addition to reviewing a number of other subjects, and took appropriate decisions.
Meanwhile, Dubai Mercantile Exchange (DME) said that Oman oil price for August delivery reached $61.35. The DME statement said that the price of Oman oil declined 62 cents from the price of Monday, which was $61.97. The average price of Oman oil for June delivery has stabilised at $71.15, thus $4.18 per barrel higher than May delivery.
Source Link: www.omanobserver.om