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. 2014-04-23

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.
MORE RELATED NEWS

LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News