Oman has experienced a notable increase in public revenues, which rose by 13% year-on-year to reach around OMR 6.602 billion by the close of the second quarter in 2026. This growth is largely attributed to increased revenues from oil and gas sectors. The country’s Ministry of Finance highlighted this upward trend in its Fiscal Performance Bulletin, noting that the public revenues had previously stood at OMR 5.839 billion during the same period in 2025.
The surge in energy revenues is particularly evident, with net oil revenues climbing by 10% to OMR 3.332 billion. Net gas revenues saw an even more significant rise, increasing by 32% to OMR 1.164 billion. Oman achieved an average realized oil price of $74 per barrel, and its average daily oil production reached approximately 1.074 million barrels, underscoring the strength of its energy sector in boosting national revenues.
On the expenditure front, Oman witnessed an increase in public spending, which amounted to OMR 6.619 billion. This represents a 9% rise from OMR 6.098 billion recorded in the previous year. Current expenditure was recorded at OMR 4.369 billion, while ministries and civil units contributed to development spending with OMR 798 million.
Despite the rise in public expenditure, Oman’s public debt levels have remained relatively stable. The debt stood at OMR 14.16 billion, a slight increase from OMR 14.12 billion noted in the same period last year. These figures reflect a broader trend of growth in Oman’s public finances, supported by robust energy revenues, while maintaining a stable debt profile during the first half of 2026.