Oman recorded a government budget deficit of 84.50 OMR Million in September of 2018. Government Budget Value in Oman averaged 3667.25 OMR Million from 1980 until 2018, 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.

Government Budget Value in Oman is expected to be -206.94 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 -199.37 in 12 months time. In the long-term, the Oman Government Budget Value is projected to trend around -199.47 OMR Million in 2020, according to our econometric models.

Oman Government Budget Value
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-17 03:50 PM Budget Balance OMR-310M OMR-287.5M OMR -400M
2018-09-20 04:25 PM Budget Balance OMR-240.8M OMR-310M OMR -180M
2018-10-26 04:00 PM Budget Balance OMR-186.2M OMR-240.8M OMR -200M
2018-11-19 10:00 AM Budget Balance OMR-84.5M OMR-186.2M OMR -124.2M
2018-12-19 11:00 AM Budget Balance OMR-84.5M OMR -250M
2019-01-22 10:50 AM Budget Balance
2019-02-20 10:15 AM Budget Balance OMR -158.3M

Oman Government Last Previous Highest Lowest Unit
Government Debt to GDP 39.90 31.10 39.90 4.10 percent [+]
Government Budget -13.50 -20.60 2.60 -20.60 percent of GDP [+]
Government Budget Value -84.50 -186.20 16379.00 -3373.20 OMR Million [+]
Government Spending 5571.60 6124.80 6714.50 2094.00 OMR Million [+]
Government Revenues 1076.90 785.90 1638.80 14.80 OMR Million [+]
Government Debt 11150.60 132.00 11150.60 132.00 OMR Million [+]
Fiscal Expenditure 1124.30 972.10 4227.00 181.90 OMR Million [+]
Military Expenditure 8417.20 10581.30 12761.70 464.30 USD Million [+]
Credit Rating 77.50 [+]

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. This page provides - Oman Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Government Budget Value - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-84.50 -186.20 16379.00 -3373.20 1980 - 2018 OMR Million Monthly
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Argentina -16585.90 Oct/18
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Canada -1356.00 Sep/18
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