Oman celebrated its 54th National Day on Monday, highlighting significant progress in economic, social, and developmental spheres under the leadership of His Majesty Sultan Haitham bin Tarik.
According to the Oman News Agency (ONA), the Sultanate has achieved remarkable strides, including reducing public debt from 62.3 per cent of Gross Domestic Product (GDP) in 2021 to 35 per cent by mid-2024 and maintaining consecutive budget surpluses.
Public revenues reached OMR 8.106 billion by August 2024, reflecting sound fiscal management and alignment with Oman Vision 2040.