JEDDAH: Oman’s public revenues rose 16 percent year on year to 9.83 billion Omani rials ($25.56 billion) in the first nine months of 2026, while the state budget recorded a surplus of 90 million rials, official data revealed.
The increase in revenues, compared with 8.48 billion rials in the same period of 2025, was mainly attributable to higher oil and non-oil revenues, according to the Financial Performance Bulletin issued by the Ministry of Finance and carried by Oman News Agency.
Public expenditure reached 9.74 billion rials by the end of the third quarter, up 824 million rials, or 9 percent, compared with 8.91 billion rials during the same period in 2025, reflecting increases across all expenditure items.
The latest figures come as Oman continues to advance its fiscal sustainability agenda under Vision 2040. The vision’s implementation report said the country’s public-debt-to-gross domestic product ratio fell from 67.9 percent in 2020 to 34.6 percent in 2025.
“The bulletin stated that net oil revenues rose 7 percent by the end of the third quarter of 2026, reaching approximately 5.046 billion Omani rials, compared with approximately 4.710 billion rials by the end of the third quarter of 2025,” ONA reported.
It added that the average realized oil price stood at $81 per barrel, while average oil production reached 1.102 million barrels per day.
