Thursday 01 / January / 2026
MUSCAT: The 2026 state budget aims to strengthen financial, economic and social stability while enhancing resilience against future challenges, with a strong focus on fiscal sustainability and economic diversification. The budget is aligned with the financial framework of the Eleventh Five-Year Development Plan (2026–2030) and Oman Vision 2040.
Presenting the preliminary results of financial performance for 2025, the Undersecretary of Finance, His Excellency Abdullah bin Salim Al Harthy, said public revenues rose by 5 per cent, while public expenditure increased by 4 per cent. As a result, the fiscal deficit declined by 23 per cent to RO 480 million.
He attributed this improvement to an average oil price in 2025 that was around $10 higher than the budgeted level, in addition to increased development spending aimed at accelerating progress on ongoing development projects.
