Please use these sources (www.government oman.com, government official website, coursematerial/ Handouts) to answer the following questions.

Question: 

Take a budget (Preferably latest one / available one) from ministry of finance website and discuss the following requirements.

• Objectives of state budget

• List down the major revenue sources and expenditures

• How budget surplus or deficit is calculated

• On what basis of accounting, expenditures are recorded

• Who approves the state budget in Oman

• What are those areas where the government is extending subsidies?

Kindly submit the report in following format.

1) Introduction about the organization

2) Details of Fund Accounting

3) Conclusion

4) References

Answer rating: 100% (QA)

The first financial apparatus was established in January 1941 Before 1971 all financial affairs were managed by the Sultan in personThe Ministry of Finance MOF was established by Royal Decree 69 95 an... View the full answer