Oman recorded a Government Budget deficit equal to 9 percent of the country's Gross Domestic Product in 2018. Government Budget in Oman averaged -3.86 percent from 2003 until 2018, reaching an all time high of 2.60 percent in 2005 and a record low of -20.60 percent in 2016.

Government Budget in Oman is expected to be -8.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Budget is projected to trend around -7.50 percent in 2020, according to our econometric models.

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Oman Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-9.00 -13.50 2.60 -20.60 2003 - 2018 percent Yearly

Oman Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.

Oman Government Last Previous Highest Lowest Unit
Government Debt to GDP 47.50 39.90 47.50 4.10 percent [+]
Government Budget -9.00 -13.50 2.60 -20.60 percent [+]
Government Budget Value 351.90 -384.80 16379.00 -3373.20 OMR Million [+]
Government Spending 5649.00 5571.60 6714.50 2094.00 OMR Million [+]
Government Revenues 861.20 652.60 1638.80 14.80 OMR Million [+]
Government Debt 14491.60 11150.60 14491.60 132.00 OMR Million [+]
Fiscal Expenditure 828.50 1037.40 4227.00 181.90 OMR Million [+]
Military Expenditure 6611.00 6803.00 9706.00 353.00 USD Million [+]
Credit Rating 48.00 [+]