Monday, 22 July 2019

No Data, No Problem? #Oman's Budget Keepers Go Silent for Months - Bloomberg

No Data, No Problem? Oman's Budget Keepers Go Silent for Months - Bloomberg:

Oman is giving its troubled finances the silent treatment.

Downgraded by all three major rating companies and facing speculation whether a bailout might be needed, the sultanate quietly stopped providing data on its budget performance this year. A monthly bulletin published by the central bank July 15, which includes a breakdown of government revenue and expenditure, only covers a period through November 2018. Oman’s budget deficit has been among the largest of all the sovereigns tracked by Fitch Ratings.

Last year, a similar report issued in July contained fiscal figures through May. The central bank publishes the data on behalf of the Finance Ministry, which compiles the figures. Omani officials didn’t respond to repeated attempts for comment.

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