By Manal Abdel Fattah
Mr. Adel bin Abdul Rahman Al-Asoumi, Speaker of the Arab Parliament, congratulated Sultan Haitham bin Tariq, the Sultan of Oman, on the occasion of the fourth anniversary of his accession to power, expressing his sincere wishes for good health and continued well-being.
This came on the occasion of the fourth anniversary of the accession of Sultan Haitham bin Tariq, Sultan of Oman, to power, which falls on January 11 of every year.
Al-Asoumi praised the comprehensive development renaissance the Sultanate has achieved under the leadership of Sultan Haitham bin Tariq during the past four years, wishing the Sultanate and its dear people continued stability, progress and prosperity under his leadership.
In another context, the Sultanate of Oman celebrates today, Thursday, the fourth anniversary of the accession of Sultan Haitham bin Tariq, Sultan of Oman, to the reins of power.
This anniversary comes with the Sultanate achieving economic and investment growth that embodied the most prominent features of the past few years, which achieved an economic recovery that raised the Sultanate’s economic rating to an advanced level after translating the fiscal balance plan into a national reality that reduced the public debt of the Sultanate of Oman and achieved a rapid recovery that maintained the confidence of international investment institutions. He achieved national satisfaction in moving to another, more comprehensive stage for the economy and the citizen, and addressing some other aspects such as diversifying sources of income more broadly, continuing to reduce public debt, continuing the Tenth Development Plan (2021-2025) as hoped, and flexibly adapting to the “Oman 2040” vision with the participation of Various state institutions.
In his speech during the opening of the first annual session of the eighth session of the Council of Oman, Sultan Haitham stressed that “the continuous achievements achieved over the past four years in the path of comprehensive development have had the people of Oman’s primary role in it, in addition to the efforts of the various state institutions, which have worked to implement the plans.” We have drawn its paths, according to a vision that aims, first and foremost, to advance the social sectors and preserve the gains that have been achieved.”
The Omani economy is achieving significant growth rates.
Since Sultan Haitham bin Tariq took over the reins of power until now, the Omani economy has witnessed remarkable growth in various economic fields and the achievement of financial surpluses in the state’s general budget. This contributed to directing additional financial revenues to enhance social spending, stimulate economic growth, manage the lending portfolio, reduce public debt, and develop governorates.
The financial measures and policies taken by the government, such as controlling public spending and improving non-oil revenues, contributed to a positive improvement in the state’s financial performance during the first three years of the tenth five-year development plan (2021-2025), raising the credit rating and future outlook of the Sultanate of Oman by international credit rating agencies, and attracting more investors. foreign investment.
