Muscat – His Majesty Sultan Haitham bin Tarik issued Royal Decree No 36/2024 on Thursday assigning some specialities to the Ministry of Finance and Ministry of Economy.

• Article (1) stipulates that the texts of clauses No 6 and 7 of Annex 1 attached to Royal Decree No 94/2020 on establishing the Ministry of Econo- my and defining its specialisations and endorsing its organi-sational structure will be repl- aced with the following texts:

6 – Studying the proposals submitted by units of the State’s Administrative Apparatus and other public legal persons regarding development projects in terms of importance and priority of their implementation.

7 – Endorsing five-year plans and submitting these, after coordinating with the Ministry of Finance, to the Council of Ministers for approval.

• Article (2) states that a new clause numbered ‘4-bis’ will be attached to Annex No 1 of Royal Decree No 91/2022 defining the specialisations of the Ministry of Finance and approving its organisational structure. The new clause reads as follows:

‘4-bis: Endorsing the annual developmental budget after the approval of the Council of Ministers.’

• Article (3) cancels all that contradicts this decree or contravenes its provisions.
• Article (4) states that this decree will be published in the Official Gazette and enforced from its date of issue.