Oman recorded a government budget surplus of 189.30 OMR Million in April of 2020.

Government Budget Value in Oman averaged 3419.12 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 July of 2020.

Government Budget Value in Oman is expected to be -548.60 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 -644.10 OMR Million in 2021 and -921.70 OMR Million in 2022, according to our econometric models.

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Oman Government Budget Value

Actual Previous Highest Lowest Dates Unit Frequency
189.30 289.80 16379.00 -3373.20 1980 - 2020 OMR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-20 10:00 AM Jan OMR-344.4M OMR-756.6M OMR -88M
2020-05-11 08:20 AM Feb OMR -306.1M OMR-344.4M OMR-150M
2020-06-15 12:30 PM Mar OMR 290M OMR -28.3 OMR -149.4M
2020-06-23 08:00 AM Apr OMR 189M OMR 290M OMR -450M
2020-07-21 10:00 AM May OMR 189M OMR-150M
2020-08-09 10:00 AM Jun OMR -548.6M
2020-09-30 10:00 AM Jul
2020-10-21 10:00 AM Aug

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 189.30 289.80 16379.00 -3373.20 OMR Million [+]
Government Spending 5649.00 5571.60 6714.50 2094.00 OMR Million [+]
Government Revenues 1242.80 1222.50 1638.80 14.80 OMR Million [+]
Government Debt 14491.60 11150.60 14491.60 132.00 OMR Million [+]
Fiscal Expenditure 1053.50 942.80 4227.00 181.90 OMR Million [+]
Military Expenditure 6611.00 6803.00 9706.00 353.00 USD Million [+]
Credit Rating 43.00 [+]


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.