Oman rides well on its budget surpluses | GulfNews.com

Oman rides well on its budget surpluses | GulfNews.com:

"Oman’s economy heads into 2014 on a positive note, brought on by steady budgetary spending, new gas exploration efforts and renewed efforts to stamp out corruption. The authorities recently brought to trial nine officials from the private sector on charges of trying to bribe for lucrative oil and infrastructure projects.
The move signals a new-found drive to do away with corrupt practices in both public and private entities. More than anything, the initiative burnished the country’s image on transparency parameters.
Currently, Oman lags behind three other Gulf Cooperation Council (GCC) member countries on perceived corrupt practices in the public sector. The Corruption Perceptions Index (CPI), brought out by Transparency International, ranks the Sultanate at No. 61 worldwide, being the UAE (ranked 26), Qatar (28) and Bahrain 57). The Index looks into malpractices such as bribing public officials, kickbacks in public procurement deals and embezzlement of public funds."

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