State Council discusses diversification of sources of income, fiscal sustainability challenges

Muscat: The State Council Office on Tuesday held its 6th meeting of the 2nd regular sitting during the eighth term. The meeting was chaired by Sheikh Abdulmalik bin Abdullah Al Khalili, Chairman of the State Council.

The State Council Office hosted members of the special committee formed to study "Mechanism for diversifying sources of income in the Sultanate of Oman."

The committee was entrusted with identifying the challenges posed to financial sustainability and diversification of sources of income, with the aim of finding solutions and achieving the desired progress in income diversification and financial sustainability.

The committee was also tasked to submit proposals to support the stability of public finance in the 11th Five-Year Plan, including legislation and governance.