January 4, 2026 5:41 PM
Oman launches $29.77 billion budget, targets 4 percent growth
Oman has approved a $29.77 billion general state budget for 2026, projecting public expenditure of about $31.15 billion and setting a target of around 4 percent economic growth, as the sultanate continues to diversify from its reliance on oil. The budget also launches the next phase of its economic programme that aims for 4 percent growth through 2030. Revenues are based on an average oil price of $60 per barrel and are forecast to rise by 2.4 percent from the previous year, while spending is se...