Oman’s financial landscape saw a notable improvement as public revenues recorded a 13% increase, reaching approximately OMR 6.602 billion by the close of the second quarter of 2026. This rise is primarily attributed to enhanced oil and gas revenues. During the same period in 2025, the revenues stood at OMR 5.839 billion, as outlined in the Ministry of Finance’s Fiscal Performance Bulletin.
Breaking down the figures, net oil revenues experienced a 10% growth, climbing to OMR 3.332 billion. Meanwhile, net gas revenues saw an even sharper increase of 32%, amounting to OMR 1.164 billion. The country achieved an average realized oil price of $74 per barrel, with daily production averaging around 1.074 million barrels.
On the expenditure front, there was also a rise, with public spending reaching OMR 6.619 billion, marking a 9% increase from OMR 6.098 billion the previous year. Current expenditure expanded to OMR 4.369 billion, while development expenditure by ministries and civil units totaled OMR 798 million.
Despite the heightened expenditure, Oman’s public debt remained relatively steady at OMR 14.16 billion, a slight increase from OMR 14.12 billion observed in the corresponding period last year. The fiscal data highlights a continued upward trend in Oman’s public finances, underpinned by robust energy revenues, alongside a parallel growth in government spending during the initial half of 2026.