Oman recorded a Government Budget deficit equal to 13 percent of the country's Gross Domestic Product in 2017. Government Budget in Oman averaged -3.55 percent of GDP from 2003 until 2017, reaching an all time high of 2.60 percent of GDP in 2005 and a record low of -22 percent of GDP in 2016.

Government Budget in Oman is expected to be -3.00 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Budget is projected to trend around 0.20 percent of GDP in 2020, according to our econometric models.

Oman Government Budget
Forecast Data Chart
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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

Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Oman Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Government Budget - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-13.50 -20.60 2.60 -20.60 2003 - 2017 percent of GDP Yearly

Country Last Previous
Argentina -3.90 Dec/17
Australia -1.90 Dec/17
Brazil -7.80 Dec/17
Canada -0.90 Dec/17
China -3.50 Dec/17
Euro Area -0.90 Dec/17
France -2.60 Dec/17
Germany 1.30 Dec/17
India -3.53 Dec/17
Indonesia -2.50 Dec/17
Italy -2.30 Dec/17
Japan -4.50 Dec/17
Mexico -2.90 Dec/17
Netherlands 1.10 Dec/17
Russia -1.50 Dec/17
Saudi Arabia -8.90 Dec/17
Singapore 0.30 Dec/17
South Africa -4.60 Dec/17
South Korea -2.00 Dec/17
Spain -3.10 Dec/17
Switzerland 1.20 Dec/17
Turkey -1.50 Dec/17
United Kingdom -2.30 Dec/17
United States -3.50 Dec/17