Oman’s public revenues experienced a significant boost in the first half of 2026, climbing 13% year-on-year to about OMR 6.602 billion, primarily fueled by increased oil and gas earnings. The Ministry of Finance’s Fiscal Performance Bulletin highlighted this rise in revenues from OMR 5.839 billion recorded during the same timeframe in 2025.
Breaking down the figures, net oil revenues saw a 10% increase, reaching OMR 3.332 billion, while net gas revenues surged by 32%, totaling OMR 1.164 billion. The country achieved an average realized oil price of $74 per barrel, with average daily production levels hovering around 1.074 million barrels.
On the expenditure side, Oman also saw an increase, with public spending climbing to OMR 6.619 billion, which marks a 9% rise from the previous year’s OMR 6.098 billion. Current expenditures rose to OMR 4.369 billion, and ministries along with civil units dedicated OMR 798 million to development projects.
Despite the uptick in expenditures, Oman’s public debt remained relatively stable, reported at OMR 14.16 billion compared to OMR 14.12 billion during the same period last year. This stability underscores the resilience of Oman’s financial health amid its growing revenue stream.
The data reflects a continued strengthening of Oman’s public finances, propelled by robust energy revenue growth, even as the government expanded its spending in the first half of 2026.