Sultanate follows Saudi Arabia, the UAE and Bahrain as it looks to boost government revenues after taking big pandemic hit
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Oman economy
Skills shortage in Oman as country prepares VAT implementation, PwC finds
Survey from PwC revealed just 26% of businesses have fully completed the requirements needed to be ready for implementation on April 16
Oman economy
Oman is finding way out of its budget distress without a bailout
The sultanate has signaled a resolve to improve fiscal discipline with plans to start taxing incomes of wealthy individuals in 2022
budget deficit
Oman mulls $4.2bn borrowing to plug fiscal gap amid Covid, low oil impact
Oman’s government is looking into borrowing that will cover 73% of the country’s OR2.2bn shortfall
economic reforms
Oman said to delay VAT amid weaker economic performance
Oman’s economy is expected to record weaker growth of 2.8 percent this year, down from 3.3 percent in 2018
Arqaam Capital
Investors remain cautious about investing in Oman’s bonds
Without reforms, buying Oman bonds debt would require a ‘leap of faith’, said Emirates NBD Asset Management chief