Oman recorded a Government Budget deficit equal to 7 percent of the country's Gross Domestic Product in 2019.
Government Budget in Oman averaged -4.04 percent from 2003 until 2019, reaching an all time high of 2.60 percent in 2005 and a record low of -20.60 percent in 2016. This page provides - Oman Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Government Budget - values, historical data and charts - was last updated on July of 2020.
Government Budget in Oman is expected to reach -19.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Budget is projected to trend around -14.50 percent of GDP in 2021 and -11.00 percent of GDP in 2022, according to our econometric models.