Bonuses for ministers, undersecretaries stopped in Oman

Business Sunday 19/June/2016 20:04 PM
By: Times News Service
Bonuses for ministers, undersecretaries stopped in Oman

Muscat: Annual bonuses for ministers, undersecretaries and their equivalent have been stopped due to the financial conditions currently being witnessed by the Sultanate, said the Ministry of Finance. It added the precautionary measures have been taken by the government in response to the oil price dip.
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The Ministry said in a statement, a copy of which was obtained by the Oman News Agency (ONA), that it continues its revision of expenditure on items and that it works hard to activate the non-oil revenues to reduce deficit resulting from the sharp decline in oil revenues and reduce reliance on oil as the major source of revenues.