State Council discusses study on diversifying sources of income in Oman

Muscat: The State Council's office today discussed a study titled "Mechanism for Diversifying Sources of Income in the Sultanate of Oman."

The discussion took place during the State Council’s 5th meeting of its second regular convening during the Eighth Term.

The meeting was chaired by Sheikh Abdulmalik bin Abdullah Al Khalili, Chairman of the State Council.

The study addressed the current state of the Omani economy and sources of national income. It also gave a briefing about global experiences in addressing the challenges of diversifying sources of income and financial sustainability.

The study concluded with emphasis on exploring future prospects and recommendations for diversifying sources of income across various economic sectors.

The meeting also reviewed a report submitted by the Social and Cultural Committee on hosting officials from the Social Protection Fund to discuss with them a mechanism for applying the social protection system.

Later, the State Council bureau studied reports submitted by the Council members, following their participation in regional and international forums, in addition to progress reports.