Interview with Al Arabiya TV (Arabic) on the impact of VAT rollout in Oman, 19 Apr 2021

21 April, 2021
read 1 minute

Dr. Nasser Saidi spoke to Al Arabiya’s Lara Habib on 19th Apr 2021 about Oman’s VAT rollout and its impact on the economy.
Oman is starting long overdue fiscal adjustment and reform aiming to diversify sources of government & diminish the high dependence on oil & gas revenue, with the introduction of VAT with a 5% rate (but many exemptions). If effectively & efficiently implemented, the VAT should generate about $1 billion (OMR 400mn) in revenue, about 1.5% of GDP and helping to raise Non-Oil Revenue from 11.4% in 2020 to about 17.2% of Non-Oil GDP in 2021. The onset of fiscal reform will lead to an improvement of Oman’s sovereign credit rating, lower the cost of credit and help attract more FDI and portfolio investment as a result of the ensuing reduction in macroeconomic risks.
Watch the full interview (in Arabic) here.
 

Read Next

media page

Comments on “Was Lebanon the world’s biggest Ponzi scheme?” in Arab News, Aug 9 2022

Dr. Nasser Saidi’s comments appeared in an Arab News article titled “Was Lebanon the world’s

10 August, 2022

TV and radio

Bloomberg Daybreak Middle East Interview, 22 Jul 2022

Aathira Prasad joined Yousef Gamal El-Din on 22nd of July, 2022 as part of the

25 July, 2022

TV and radio

Interview with Al Arabiya (Arabic) on US inflation, Fed moves & impact on emerging markets, 14 Jul 2022

In this interview with Al Arabiya aired on 14th July 2022, Dr. Nasser Saidi discusses

14 July, 2022