Oman records RO 90 million budget surplus; gas revenues surge 61%

Detailed summary

MUSCAT: The Sultanate Oman recorded a budget surplus of RO 90 million in the first nine months of 2026, reversing a RO 433 million deficit a ...

MUSCAT: The Sultanate Oman recorded a budget surplus of RO 90 million in the first nine months of 2026, reversing a RO 433 million deficit a year earlier, as a sharp increase in gas revenues helped strengthen public finances despite higher government spending.Figures released by the Ministry of Finance on Wednesday showed that total revenues rose 16 per cent to RO 9.828 billion, compared with RO 8.481 billion during the corresponding period of 2025.Government expenditure increased by 9 per cent to RO 9.738 billion, up from RO 8.914 billion a year earlier.

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