Oman recorded a government budget surplus of 351.90 OMR Million in November of 2019.

Government Budget Value in Oman averaged 3481.14 OMR Million from 1980 until 2019, reaching an all time high of 16379 OMR Million in February of 2001 and a record low of -3373.20 OMR Million in December of 2012. This page provides - Oman Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Budget Value in Oman is expected to be -149.48 OMR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Budget Value in Oman to stand at -771.50 in 12 months time. In the long-term, the Oman Government Budget Value is projected to trend around -921.70 OMR Million in 2020, according to our econometric models.

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Oman Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
351.90 -384.80 16379.00 -3373.20 1980 - 2019 OMR Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2019-10-21 12:30 PM Aug OMR-377.9 OMR-340.2M OMR-190M
2019-11-19 10:20 AM Sep OMR-165.8M OMR-377.9M OMR-380M
2019-12-12 11:00 AM Oct OMR-384.8M OMR-165.8M
2020-01-09 10:50 AM Nov OMR351.9M OMR-384.8M OMR-269M
2020-02-24 10:00 AM Dec OMR351.9M OMR-271M

Oman Government Budget Value
The government budget balance is the difference between government revenues and expenses (minus 100 OMR million considered as expenditures under settlement). The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.