By the close of the second quarter of 2026, Oman saw a 13% increase in public revenues, reaching around OMR 6.602 billion. This growth was largely fueled by a rise in oil and gas revenues. Comparatively, public revenues stood at OMR 5.839 billion during the same timeframe in 2025, illustrating a marked improvement.
A breakdown of these figures reveals that net oil revenues experienced a 10% climb to OMR 3.332 billion. Meanwhile, net gas revenues saw a significant 32% surge, reaching OMR 1.164 billion. Oman achieved an average realized oil price of $74 per barrel, with daily production levels averaging approximately 1.074 million barrels, underscoring the country’s robust energy sector performance.
On the expenditure side, Oman’s public spending increased to OMR 6.619 billion, which is a 9% rise from OMR 6.098 billion recorded a year earlier. Current expenditure grew to OMR 4.369 billion, while ministries and civil units allocated OMR 798 million towards development spending. This increase in expenditure highlights the government’s commitment to maintaining developmental momentum.
Despite the uptick in public spending, Oman managed to keep its public debt relatively stable. The debt stood at OMR 14.16 billion, a slight increase from OMR 14.12 billion in the same period the previous year. This stability in debt levels alongside revenue growth points to a balanced fiscal strategy by the Omani government.
The data underscores a period of sustained growth in Oman’s public finances, driven by robust energy revenue streams. While government spending has also risen, the country has managed to keep its debt in check, reflecting a cautious yet progressive economic approach during the first half of 2026.