Oman expects to raise US$39m with increased air traffic fees
Oman's Public Authority for Civil Aviation (PACA) will raise fees charged for air traffic through the sultanate, the authority's CE Mohammed al-Zaabi said. The decision is part of a series of steps by Oman to strengthen state finances as it grapples with a big budget deficit caused by low oil prices. In January it cut domestic gasoline price subsidies; earlier this month it raised prices of water for state, commercial and industrial users, and it is about to cut liquefied petroleum gas subsidies for such users. The new aviation tariff is expected to increase PACA's revenues by more than 25%, improving the sector's contribution to the state budget, Zaabi said. "This year we were expecting revenues of OMR50m (US$130m). With the new tariff we expect to add around 30% more. We expect another OMR15m ($39m)." <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-03-28/general/oman-expects-to-raise-us-39m-with-increased-air-traffic-fees
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Oman expects to raise US$39m with increased air traffic fees
Oman's Public Authority for Civil Aviation (PACA) will raise fees charged for air traffic through the sultanate, the authority's CE Mohammed al-Zaabi said. The decision is part of a series of steps by Oman to strengthen state finances as it grapples with a big budget deficit caused by low oil prices. In January it cut domestic gasoline price subsidies; earlier this month it raised prices of water for state, commercial and industrial users, and it is about to cut liquefied petroleum gas subsidies for such users. The new aviation tariff is expected to increase PACA's revenues by more than 25%, improving the sector's contribution to the state budget, Zaabi said. "This year we were expecting revenues of OMR50m (US$130m). With the new tariff we expect to add around 30% more. We expect another OMR15m ($39m)." <br/>
