The whole estimated revenues for the Sultanate of Oman’s Basic State Finances for 2026, calculated primarily based on a mean oil value of $60 per barrel, amounted to roughly RO 11.447 billion. This displays a rise of two.4 per cent over the accepted revenues for 2025. The federal government additionally launched its Eleventh 5-Yr Improvement Plan (2026-2030), the second govt street map for “Oman Imaginative and prescient 2040,” focusing on an financial development price of roughly 4 per cent at fixed costs.
Complete public expenditure was estimated at roughly RO 11.977 billion, rising by 1.5 per cent from the accepted expenditure for 2025. In the meantime, the estimated price range deficit for 2026 stands at roughly RO 530 million, a lower of 14.5 per cent from the deficit accepted within the 2025 price range, constituting 4.6 per cent of complete revenues and 1.3 per cent of the Gross Home Product (GDP).
This was introduced throughout a press convention held on Thursday on the Ministry of Finance to reveal particulars of the monetary framework for the Eleventh 5-Yr Improvement Plan (2026-2030) and the Basic State Finances for the fiscal 12 months 2026, along with the preliminary outcomes of the Basic State Finances for the fiscal 12 months 2025.
Sultan bin Salim al Habsi, Minister of Finance, affirmed the continued development of Oman’s financial exercise. Statistical knowledge signifies that the projected actual GDP (at fixed costs) by the top of 2025 is predicted to succeed in roughly RO 39.2 billion, in comparison with RO 34.5 billion on the finish of 2021, reaching a development price of 14 per cent because the begin of the (Tenth) Plan. Moreover, inflation charges have stabilised inside goal ranges, with the typical inflation price till November 2025 recorded at round 0.9 per cent. This end result is attributed to authorities insurance policies supporting petroleum merchandise, electrical energy and water subsidies, and assist for important commodity costs.
In his handle, the minister added that, because of the facilitation of the enterprise surroundings, discount of procedures, rising confidence within the Omani economic system, alongside the devoted efforts by specialists to draw investments, knowledge signifies a development in International Direct Funding (FDI) within the Sultanate of Oman. By the third quarter of 2025, FDI reached RO 30.3 billion, marking a rise of roughly 71 per cent in comparison with the identical interval in 2021.
The minister acknowledged that relating to authorities investments, Oman Funding Authority has contributed to financial development by restructuring authorities firms and managing home and overseas investments. The Authority’s property grew to roughly RO 21 billion by the top of 2025. Its funding portfolio has diversified throughout about 50 international locations, forming financial and funding alliances that yield direct and oblique advantages, together with the event of specialized Omani human assets and the switch of information and expertise to the Sultanate of Oman for utilisation and localisation throughout a number of fields. Moreover, it has contributed to the Basic State Finances with over RO 4.4 billion in the course of the Tenth 5-Yr Plan.
He identified that the Future Fund Oman has immediately contributed to attracting a number of investments, supporting personal sector establishments, and accelerating the expansion tempo of startups and small and medium enterprises (SMEs) domestically and overseas. The whole investments accepted by the Fund until the top of 2025 amounted to 164 initiatives with a monetary dedication of RO 462 million, together with RO 104 million in investments for startups and SMEs.
The Minister confirmed that Oman has witnessed a tangible enchancment in its social, monetary, and financial indicators. This enchancment is pushed by the restoration in international oil costs and authorities insurance policies geared toward enhancing fiscal sustainability. The fiscal breakeven oil value has decreased from over $100 earlier than the Tenth 5-Yr Plan to roughly $68 per barrel of crude oil in 2025.
