Oman has introduced a new law for parliament stipulating that state budget talks and the questioning of ministers should be carried out in secret, reducing transparency as the indebted state tries to tackle its creaking finances and shore up the economy, Reuters reported.
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Since assuming power a year ago, Sultan Haitham bin Tariq al-Said has overhauled government and state entities and begun pushing through sensitive fiscal reforms such as reductions in subsidies and the introduction of a value-added tax, which had dragged down his predecessor the late Sultan Qaboos.
The new law, published in the official gazette on Sunday, states that discussions in both the elected lower house and the appointed upper house on draft development plans and the state budget should be conducted in secret as should sessions for the questioning of ministers. The previous Basic Law did not specify such secrecy.
It said that recent institutional reforms including establishing a clear line of succession would improve predictability and political stability but that high fiscal and external deficits, subdued economic growth and high youth unemployment still presented significant challenges.
Oman, a small oil producer, has piled up debt at breakneck speed in the past few years and its finances have been battered by low oil prices and the coronavirus pandemic.
Rated sub-investment grade by all major credit rating agencies, it faces a widening deficit and large debt maturities in the next few years.
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