Government Spending in Oman increased to 5825.40 OMR Million in 2019 from 5649 OMR Million in 2018.

Government Spending in Oman averaged 4038.59 OMR Million from 1998 until 2019, reaching an all time high of 6714.50 OMR Million in 2015 and a record low of 2094 OMR Million in 1999. This page provides - Oman Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Oman is expected to reach 5451.00 OMR Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Spending is projected to trend around 5615.00 OMR Million in 2021 and 5811.00 OMR Million in 2022, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Oman Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
5825.40 5649.00 6714.50 2094.00 1998 - 2019 OMR Million Yearly
Constant Prices, SA

Oman Government Last Previous Highest Lowest Unit
Government Debt to GDP 47.50 41.00 47.50 4.10 percent [+]
Government Budget -7.00 -9.00 2.60 -20.60 percent of GDP [+]
Government Budget Value -723.80 -658.10 16379.00 -3373.20 OMR Million [+]
Government Spending 5825.40 5649.00 6714.50 2094.00 OMR Million [+]
Government Revenues 358.30 454.00 1638.80 14.80 OMR Million [+]
Government Debt 14491.60 11150.60 14491.60 132.00 OMR Million [+]
Fiscal Expenditure 1082.10 1112.10 4227.00 181.90 OMR Million [+]
Military Expenditure 6611.00 6803.00 9706.00 353.00 USD Million [+]
Credit Rating 40.00 [+]

Oman Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.