Government Spending in Oman increased to 5649 OMR Million in 2018 from 5571.60 OMR Million in 2017.

Government Spending in Oman averaged 3953.50 OMR Million from 1998 until 2018, 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 June of 2020.

Government Spending in Oman is expected to reach 5818.00 OMR Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Spending is projected to trend around 6040.00 OMR Million in 2021 and 6269.00 OMR Million in 2022, according to our econometric models.

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Oman Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
5649.00 5571.60 6714.50 2094.00 1998 - 2018 OMR Million Yearly
Constant Prices, SA

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 [+]
Government Budget Value 28.30 -306.10 16379.00 -3373.20 OMR Million [+]
Government Spending 5649.00 5571.60 6714.50 2094.00 OMR Million [+]
Government Revenues 817.80 575.30 1638.80 14.80 OMR Million [+]
Government Debt 14491.60 11150.60 14491.60 132.00 OMR Million [+]
Fiscal Expenditure 789.50 919.70 4227.00 181.90 OMR Million [+]
Military Expenditure 6611.00 6803.00 9706.00 353.00 USD Million [+]
Credit Rating 43.00 [+]

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.