Public-Private Partnership (PPP) Law
PPP Law aims to regulate PPP projects whereby private sector is assigned to establish, finance, manage, operate, or maintain infrastructure projects or public utilities against agreed benefits.
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Privatization Law
A law regulating the policies and procedures related to transfer of ownership or management, wholly or partially, of public facilities or state-owned enterprises.
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Government Financial System (Maliyah)
A modern system for managing public finance to be used by government units for planning, implementing, controlling, and reporting on the State’s budget. It will act as an information technology platform for the application of the rules, policies, procedures, and operations of public finance management.
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Medium Term Fiscal Plan
A medium term fiscal plan (2020 - 2024) aims at achieving fiscal sustainability and financial balance between public revenue and public spending by the end of 2024, through introducing a number of financial initiatives and policies.
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Partnership for Development Programme (Offset)
This programme entails that all companies that have contracts worth more than RO 5 millions with Government units, and also the companies to which the Government contributes more than 50% shall be committed to invest a specified percentage of contract value in economic projects.
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Common Contract
The Common Contract is an initiative aimed at modernizing the standard contracts of various Government units, in accordance with the latest practices adopted by the International Federation of Consulting Engineers (FIDIC).
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Programme Based Budget (PBB)
An advanced approach of fiscal planning that identifies public spending priorities and links spending to objectives and activities.
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Tafakur Platform
An e-platform that aims to promote community participation between the Government and society by receiving ideas, suggestions and solutions that will help improve public financial management and achieve fiscal sustainability.
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Public Debt
In 2017, the Government established a debt management office to optimize funding costs by: (i) diversifying funding sources; (ii) creating a central focal point to liaise with rating agencies, investors and internal budgeting requirements; and (iii) strategically timing issuances of debt securities to benefit from opportune market conditions.
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