Oman recorded a Government Budget deficit equal to 7 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Oman

Government Budget in Oman averaged -4.04 percent from 2003 until 2019, reaching an all time high of 2.60 percent in 2005 and a record low of -20.60 percent in 2016. This page provides - Oman Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Oman Government Budget - values, historical data and charts - was last updated on January of 2022.

Government Budget in Oman is expected to reach -14.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Oman Government Budget is projected to trend around -11.00 percent of GDP in 2022, according to our econometric models.

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Oman Government Budget


Related Last Previous Unit Reference
Government Budget -7.00 -9.00 percent of GDP Dec/19
Government Debt 18756.00 16372.60 OMR Million Dec/20
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.