Oman recorded a Government Budget surplus equal to 2.20 percent of the country's Gross Domestic Product in 2023. Government Budget in Oman averaged -3.86 percent of GDP from 2003 until 2023, reaching an all time high of 2.70 percent of GDP in 2022 and a record low of -21.10 percent of GDP in 2016. source: Central Bank of Oman

Government Budget in Oman is expected to reach -1.50 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Budget is projected to trend around -0.20 percent of GDP in 2025 and 1.10 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 51.00 Jan 2025
Fiscal Expenditure 961.00 1062.00 OMR Million Oct 2024
Government Budget 2.20 2.70 percent of GDP Dec 2023
Budget Balance 44.00 47.00 OMR Million Oct 2024
Government Debt 15263.50 17601.60 OMR Million Dec 2023
Government Debt to GDP 36.50 40.90 percent of GDP Dec 2023
Government Revenues 1005.00 1092.00 OMR Million Oct 2024
Government Spending 7758.90 7455.80 OMR Million Dec 2023
Holidays
Military Expenditure 5851.80 5783.50 USD Million Dec 2023

Oman Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.70 2.70 -21.10 2003 - 2023 percent of GDP Yearly