Government Spending in Oman increased to 5825.40 OMR Million in 2019 from 5649 OMR Million in 2018. source: Ministry of National Economy, Oman

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 July of 2021.

Government Spending in Oman is expected to reach 6000.00 OMR Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Spending is projected to trend around 6360.00 OMR Million in 2022 and 6615.00 OMR Million in 2023, according to our econometric models.

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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 55.90 47.50 55.90 4.10 percent of GDP [+]
Government Budget -7.00 -9.00 2.60 -20.60 percent of GDP [+]
Government Budget Value -62.80 -76.00 16379.00 -3373.20 OMR Million [+]
Government Spending 5825.40 5649.00 6714.50 2094.00 OMR Million [+]
Government Revenues 950.70 726.40 1638.80 14.80 OMR Million [+]
Government Debt 16372.60 14491.60 16372.60 132.00 OMR Million [+]
Fiscal Expenditure 1026.70 1288.80 4227.00 181.90 OMR Million [+]
Military Expenditure 6663.00 6551.00 9805.00 357.00 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.