Oman’s
Public Debt Decreases to RO 14.4 Billion

Muscat,
17 Aug (ONA) —- The Sultanate of Oman’s public debt decreased by the end of
Q2 2025 to reach RO 14.1 billion compared to RO 14.4 billion by the end of the
corresponding period in 2024.

By the end of Q2 2025, the Ministry of
Finance had paid over RO 749 million to the private sector, received through
the financial system with complete documentation. This reflects the Ministry’s
commitment to settling fully documented private sector dues within an average
of five working days.

Public
revenue by the end of Q2 2025, totaled RO 5,839 million, reflecting a 6%
decrease from RO 6,197 million recorded during the same
quarter of 2024. The decline is largely due to a fall in hydrocarbon
revenue.

Furthermore, net oil revenue amounted to RO 3,018
million as of the end of Q2 2025, representing a 10% decrease from RO 3,362
million collected during the same quarter of 2024, due to lower average oil
prices and production.

Net gas revenue reached RO 884 million as of the end
of Q2 2025, reflecting a 6% decline from RO 943 million recorded in the same
quarter of 2024.

Meanwhile,
current revenue totalled RO 1,928 million as of the end of Q2 2025, indicating
a 2% increase, i.e., RO 46 million, from RO 1,882 million collected during the
same quarter in 2024.

By the end of Q2 2025, public spending totalled RO
6,098 million, marking a 5% increase, i.e., RO 292 million, from RO 5,806
million recorded during the same quarter of 2024. This growth is primarily
attributed to increased development expenditure compared to the same period in
2024.

Current
expenditure amounted to RO 4,118 million as of the end of Q2 2025, reflecting a
1% decrease, i.e., RO 53 million, from RO 4,065 million reported during the
same quarter of 2024.

Development expenditure of the ministries and
government units reached RO 688 million as of the end of Q2 2025, representing
76% of total development expenditure, i.e. RO 900 million, allocated for 2025,
driven by the accelerated pace of work on ongoing development projects.

Contribution
and other expenses totalled RO 1,161 million as of the end of Q2 2025,
indicating a 7% increase, i.e., RO 73 million, from RO 1,088 million recorded
in the same quarter of 2024. Subsidy allocations included RO 339 million to the
electricity sector, RO 289 million to the social protection system, and RO 44
million for oil products. Furthermore, RO 200 million was transferred to the
future debt obligations budget item.

By
the end of Q2 2025, spending on social sectors and basic services totalled RO 3,122
million.

—Ends/AG