Rules for preparing general budget 2021 announced in Oman

Muscat: The Ministry of Finance has issued a circular on the rules for preparing the state's general budget estimates for 2021.

A statement issued online by the Ministry of Finance said, "In its publication, the finance set out the main foundations for preparing the state's general budget project for the fiscal year 2021 represented in the following:

1. Budget allocations should be in accordance with the financial framework of the tenth five-year plan (2021-2025).

2. Determining the budget ceiling for each agency, so that it does not exceed the amended budget in the year 2020.

3. Continuing to implement procedures aimed at rationalizing spending and raising its efficiency.

4. Controlling the deficit and maintaining its downward course.

5. Continuing to provide basic priority government services to citizens, such as health, education and social security services.

6. Giving priority to implementing the necessary projects that serve the economic and social goals, and waiting for the implementation of the non-urgent projects, and giving importance to the operation of the completed projects.

7. Giving importance to the expansion in the use of electronic transactions to end transactions related to issuing approvals and permits.

9. Searching for innovative financing methods to finance some government projects and services.

10. Enhancing the partnership between the public and private sectors in a manner that enables accelerating the implementation of projects without disturbing financial balances at the macroeconomic level.

11. Rationalization of energy consumption (electricity and water) in government buildings and road lighting."