Oman’s 2026 State Budget Focuses on Fiscal Sustainability and Economic Resilience
Muscat, The Gulf Observer: Oman’s 2026 state budget aims to strengthen financial, economic, and social stability while enhancing resilience against future challenges, with a strong emphasis on fiscal sustainability and economic diversification, officials said.
The budget is aligned with the financial framework of the Eleventh Five-Year Development Plan (2026–2030) and the objectives of Oman Vision 2040.
Presenting the preliminary results of the government’s financial performance for 2025, Undersecretary of Finance His Excellency Abdullah bin Salim Al Harthy said public revenues increased by 5 percent, while public expenditure rose by 4 percent during the year. As a result, the fiscal deficit declined by 23 percent to RO 480 million.
Al Harthy attributed the improved fiscal performance to an average oil price in 2025 that was approximately $10 higher than the level assumed in the budget, alongside increased development spending aimed at accelerating the implementation of ongoing development projects.
He added that the 2026 budget reflects the government’s commitment to maintaining fiscal discipline while continuing to support economic growth, diversification, and long-term financial sustainability.
