Oman recorded a government budget deficit of 339.70 OMR Million in November of 2020. source: National Centre for Statistic & Information, Oman

Government Budget Value in Oman averaged 3328.81 OMR Million from 1980 until 2020, 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. Oman Government Budget Value - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Government Budget Value in Oman is expected to be 250.00 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 -300.00 in 12 months time. In the long-term, the Oman Government Budget Value is projected to trend around -100.00 OMR Million in 2022, according to our econometric models.

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Oman Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
-339.70 -295.30 16379.00 -3373.20 1980 - 2020 OMR Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-11-11 10:50 AM Aug OMR -407.2M OMR-723.8M OMR -270M
2021-01-20 10:00 AM Sep OMR -511M OMR-407.2M OMR-250M
2021-02-10 11:00 AM Oct OMR -172.1M OMR -511M OMR-450M
2021-03-03 04:25 PM Nov OMR -339.7M OMR -295.3M OMR-370M
2021-05-12 10:00 AM Dec OMR -339.7M OMR-210M
2021-05-12 10:00 AM Jan OMR-320M
2021-06-22 10:00 AM Feb
2021-07-22 10:00 AM Mar

Oman Government Last Previous Highest Lowest Unit
Government Debt to GDP 55.90 47.50 55.90 4.10 percent [+]
Government Budget -7.00 -9.00 2.60 -20.60 percent of GDP [+]
Government Budget Value -339.70 -295.30 16379.00 -3373.20 OMR Million [+]
Government Spending 5825.40 5649.00 6714.50 2094.00 OMR Million [+]
Government Revenues 423.30 491.10 1638.80 14.80 OMR Million [+]
Government Debt 16372.60 14491.60 16372.60 132.00 OMR Million [+]
Fiscal Expenditure 763.00 786.40 4227.00 181.90 OMR Million [+]
Military Expenditure 6676.00 7565.00 9792.00 356.00 USD Million [+]
Credit Rating 40.00 [+]

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.