Oman Vacation Trips
Oman Economy - Inflation

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As oil prices have risen to a record high, so has inflation. The government depends mostly on oil revenue, more than on tax returns from companies and other government-owned companies. The government is also Oman's largest employer, so the high interest that government gets increases the prices of food and construction equipment. The government did support the fuel prices so it doesn't increase the inflation and to make the price suitable for people on low wages.

In 2006, government employee salaries were increased by 15%, placing Oman in the category of high-medium income countries. and a year after increase employees' were also increased in salaries so, employees with low wages have a higher increase that may go up to 48% and employees who earn more get a lesser increase in their salaries which end at 5%. The minimum wage has been changed from 120 Rial a month to 140 Rials because of high records of inflation driven by high prices of oil.


Travel Quotes:

One travels more usefully when alone, because he reflects more. Thomas Jefferson

Just got back from a pleasure trip: I took my mother-in-law to the airport. Henny Youngman


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2019-05-22T20:37:00-04:00