Monday 18 / May / 2026
Muscat: State public revenues till the end of the first quarter of 2026 witnessed an increase of 13 percent, reaching OMR2.985 billion compared to OMR2.635 billion during the same period last year. This increase is primarily attributed to the rise in net oil revenues.
The Fiscal Performance Bulletin issued by the Ministry of Finance indicated that net oil revenues increased by 5 percent up to the end of the first quarter of 2026, recording OMR1.535 billion compared to the collection of OMR1.468 billion up to the end of the first quarter of 2025.
The average realised oil price stood at approximately USD 64 per barrel, and average daily oil production reached about 1,025,000 barrels. This is attributed to Energy Development Oman's (EDO) methodology for oil revenue collection and cash liquidity management.
The bulletin further explained that net gas revenues rose by 36 percent by the end of the first quarter of 2026, recording approximately OMR 593 million compared to OMR436 million in the same period of 2025.
Moreover, the bulletin revealed that public spending up to the end of the first quarter of 2026 amounted to approximately OMR3.010 billion, an increase of OMR 239 million, or 9 percent, compared to the actual spending of OMR2.771 billion during the same period in 2025.
Current revenues collected up to the end of the first quarter of 2026 decreased by 13 percent, or by approximately OMR92 million, amounting to OMR817 million compared to the collection of OMR725 million during the same period in 2025.
Meanwhile, current expenditures reached OMR2.119 billion, an increase of approximately OMR152 million compared to OMR1.967 billion at the end of the first quarter of 2025.
Furthermore, development expenditures for ministries and government civil units amounted to OMR334 million, representing a spending rate of approximately 26 percent of the total development liquidity allocated for 2026, which amounts to OMR1.300 billion.
Total contributions and other expenditures recorded approximately OMR417 million by the end of the first quarter of the current year, compared to OMR490 million during the same period in 2025.
Subsidies for the social protection system, the electricity sector, and petroleum products up to the end of the first quarter of 2026 amounted to approximately OMR154 million, OMR80 million, and OMR17 million, respectively. Additionally, transfers to the debt repayment provision item reached OMR75 million.
The bulletin showed that, by the end of the first quarter of the current year, the Ministry of Finance had paid over OMR362 million in dues to the private sector for payment vouchers received through the financial system that had completed their documentary cycles.
The bulletin also indicated that the total public debt stood at approximately OMR14.5 billion at the end of the first quarter of 2026, remaining stable at the same level recorded at the end of 2025, and reflecting a 2 percent increase compared to the OMR14.3 billion recorded at the end of the corresponding quarter in 2025.
