Government Spending in Oman decreased to 5571.60 OMR Million in 2017 from 6124.80 OMR Million in 2016. Government Spending in Oman averaged 3868.73 OMR Million from 1998 until 2017, reaching an all time high of 6714.50 OMR Million in 2015 and a record low of 2094 OMR Million in 1999.

Government Spending in Oman is expected to be 6707.00 OMR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Spending is projected to trend around 8390.00 OMR Million in 2020, according to our econometric models.

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

Actual Previous Highest Lowest Dates Unit Frequency
5571.60 6124.80 6714.50 2094.00 1998 - 2017 OMR Million Yearly
Constant Prices, SA




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