Oman Government Budget

Oman recorded a Government Budget surplus equal to 1.70 percent of the countrys Gross Domestic Product in 2012. Government Budget in Oman is reported by the Central Bank of Oman. From 2003 until 2012, Oman Government Budget averaged 0.5 Percent of GDP reaching an all time high of 2.6 Percent of GDP in December of 2005 and a record low of -3.7 Percent of GDP in December of 2009. 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. This page provides - Oman Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.70 -0.40 2.60 -3.70 1.05 | 2013/12 2003 - 2012 Percent of GDP Yearly

TO

Oman Government Budget
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Budget Value 144.00 2014-02-15 269.70 16379.00 -3373.20 157.97 2014-03-31 OMR Million [+]
Government Spending 3298.80 2011-06-30 3071.50 3298.80 1522.00 3316.33 2011-12-31 OMR Million [+]
Government Debt To GDP 4.50 2012-12-31 4.60 38.57 4.10 4.23 2013-12-31 Percent [+]
Government Budget 1.70 2012-12-31 -0.40 2.60 -3.70 1.05 2013-12-31 Percent of GDP [+]
Credit Rating 77.50 [+]
[+]


Government Budget | Notes
A government budget is a legal document that forecasts the government expenditures and revenues for a specific period of time. The period covered by a budget is usually a year, known as a financial or fiscal year, which may or may not correspond with the calendar year. A government budget is often passed by the legislature, and approved by the chief executive or president.


RELATED NEWS

Oman Inflation Rate at 0.60 Percent  
The inflation rate in Oman was recorded at 0.60 percent in February of 2014. Inflation Rate in Oman is reported by the National Center for Statistics & Information - Oman.
Oman Crude Oil Production at 953.00 Thousands Barrels per Day  
Crude Oil Production in Oman decreased to 953 Thousands Barrels per Day in October of 2013 from 958 Thousands Barrels per Day in September of 2013. Crude Oil Production in Oman is reported by the U.S. Energy Information Administration.
Oman Government Budget Value at 144.00 OMR Million  
Oman recorded a government budget surplus of 144 OMR Million in February of 2014. Government Budget Value in Oman is reported by the Ministry Of National Economy, Oman.
Oman Government Spending at 3298.80 OMR Million  
Government Spending in Oman increased to 3298.80 OMR Million in 2011 from 3071.50 OMR Million in 2010. Government Spending in Oman is reported by the Ministry of National Economy, Oman.
Oman Gross Fixed Capital Formation at 4941.20 OMR Million  
Gross Fixed Capital Formation in Oman increased to 4941.20 OMR Million in 2011 from 4579.20 OMR Million in 2010. Gross Fixed Capital Formation in Oman is reported by the Ministry Of National Economy, Oman.
Oman Money Supply M1 at 4414.60 OMR Million  
Money Supply M1 in Oman increased to 4414.60 OMR Million in February of 2014 from 4261.40 OMR Million in January of 2014. Money Supply M1 in Oman is reported by the Central Bank Of Oman.
Oman Money Supply M2 at 12593.10 OMR Million  
Money Supply M2 in Oman increased to 12593.10 OMR Million in February of 2014 from 12241.60 OMR Million in January of 2014. Money Supply M2 in Oman is reported by the Central Bank of Oman.
Oman Current Account at 3131.00 OMR Million  
Oman recorded a Current Account surplus of 3131 OMR Million in 2012. Current Account in Oman is reported by the Central Bank of Oman.
Oman Exports at 1851.60 OMR Million  
Exports in Oman increased to 1851.60 OMR Million in December of 2013 from 1838 OMR Million in November of 2013. Exports in Oman is reported by the National Center for Statistics & Information - Oman.
Oman Imports at 1178.00 OMR Million  
Imports in Oman increased to 1178 OMR Million in December of 2013 from 1021.70 OMR Million in November of 2013. Imports in Oman is reported by the National Center for Statistics & Information - Oman.
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