Late and delayed payments from Omani Government ministries
Trade barrier summary
Oman has been praised internationally for its Medium Term Fiscal Plan (MTFP) aimed at introducing various fiscal consolidation measures, and restructuring the economy to address current weaknesses. However, these measures have meant that Omani Government Ministries and State-Owned Enterprises (SOEs) have had to absorb at least 10% cuts to their discretionary spend in the last 12 months, and as a result extant contracts are having to be renegotiated – with missed and delayed payments a more frequent occurrence in the interim.
Sectors affected
Resolved
Yes - December 2019
Date reported
17 April 2019
Last updated
25 November 2021
Public ID
PID-B6RM7G
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