Economy
More than RO76mn Collected, Recovered, Realised In Favour Of State Budget 2021

Results of the inspection conducted by the State’s Audit Institution (SAI) for the year 2021 indicate the existence of many positive effects in the action undertaken to achieve direct added value from the procedures of sums’ collection and recovery in favour of the State Budget.
The overall outcome was the realisation of a financial surplus of about RO76.5mn. In its operations aimed at enhancing integrity, the SAI dealt with 101 cases against which verdicts were issued.
These included cases of forgery in official documents and a party’s use of a forged document, despite being aware of the fraud.
Such cases also included entering data into a government information system in an illegal way, asking for a bribe, squandering public money, state employee’s misuse of their official position, and a breach of job duties.
The Inspection Brief also covered other types of audit missions, scrutiny of direct added value and comments from units of the State’s Administrative Apparatus (government departments), public authorities and establishments, commercial firms and oil and gas companies.
The SAI has been keen on according professional attention when handling complaints and reports filed by social segments via existing channels of communication associated with financial and administrative offences, negligence, failure to perform job duties and manipulation of public funds.
As many as 505 complaints and reports were filed in 2021.
Economy1 month agoNumber of Workers in GCC Countries Increase From 2021 to 2025
OER Magazines2 months agoDossier Oman: Banking, Finance & Insurance Special Edition
Magazines4 weeks agoOER Magazine April 2026 Issue
Oman1 month agoREVIEW: WHOOP and the Rise of Performance Luxury
Economy2 months agoOPINION: War, Climate, and the Costs We Choose Not to See
Lifestyle4 weeks agoAP x Swatch Royal Pop: A Rule-Breaking Collaboration That Takes the Royal Oak Off the Wrist
Economy1 month agoElectricity Tariffs Reduced for Residential Use – What It Means for You
News1 month agoANALYSIS: Oil Slips As Peace Hopes Reprice Middle East Risk, But Supply Tightness Keeps Market On Edge





































