WGA/8/7
Sponsored by Leon Balinski, George Haddad of Father Ryan High School
The delegates above represented the Delegation of Oman.
This legislation was filed in the Economic and Financial category
Presented as part of the MUN B 2023 conference
| 1 | Acknowledging that Oman’s main exports are Crude Petroleum, Petroleum Gas, and Refined |
| 2 | Petroleum, |
| 3 | |
| 4 | Taking note that hydrocarbons account for 68% to 85% of Oman’s yearly government revenues |
| 5 | over the last 30 years, and as of 2015, roughly 39% or 780000 people are working in the oil |
| 6 | market, |
| 7 | |
| 8 | Since, Oman’s current oil and gas reserves are set to run out in less than two years, |
| 9 | |
| 10 | Alarmed by the fall in global oil prices in 2020, the sultanates overdependence on oil has become |
| 11 | an even greater problem, |
| 12 | |
| 13 | Regarding the past UN resolution of E/2007/49, which promoted full and productive employment |
| 14 | and decent work for all, |
| 15 | |
| 16 | As ambassadors of Oman, we hereby: |
| 17 | |
| 18 | Express the hope to level out the nation’s severe public debt by enforcing a 5% VAT and later an |
| 19 | added income tax. |
| 20 | |
| 21 | Emphasize a foreign aid plan with the United States to make these taxes possible. This plan will |
| 22 | create better paying jobs, increases in infrastructure, and adds appeal to tourism. |
| 23 | |
| 24 | In return foreign trade incentives will be offered to the U.S. government. |
| 25 | |
| 26 | Further request a loan of 85 million USD, as a one-time expense to ensure the economy’s stability. |
| 27 | |
| 28 | This fund will be sourced from the United Nations Economic and Social Council. |
| 29 | |
| 30 | Proclaims to use this economic aid to stray from oil business and create more job diversification, |
| 31 | which will boom the economy. |
| 32 | |
| 33 | Plan to generate north of 1000 jobs within the first couple of years and will continue to add more |
| 34 | later when money is generated from said project. |
| 35 | |
| 36 | Seeks the United Nations council to recognize this daunting problem and act with vigilance. |
| 37 | |
| 38 |