Meetings
Conclude Discussion on Detailed Budget Estimates for Fiscal Year 2026

Muscat,
18 Aug (ONA) — The Ministry of Finance today concluded meetings to discuss
the detailed budget estimates of government entities for the fiscal year 2026
and the financial framework of the 11th Five-Year Development Plan (2026-2030).

These
meetings are part of the Ministry of Finance’s commitment to aligning the
financial requirements of government entities with annual plans and preparing
the draft state budget for the fiscal year 2026, as well as preparing for the
11th Five-Year Development Plan (2026-2030).

The
meetings aimed to examine the current status of the state budget’s
implementation for the fiscal year 2025, discuss the recurrent and development
budget estimates submitted by government entities for the next fiscal year and
align them with the entities’ annual plans, and prepare budget documents based
on a program- and performance-based budget.

Additionally,
the meetings discussed the initial estimates for the financial framework of the
11th Five-Year Development Plan (2026-2030), in a way that achieves the annual
goals of government entities and the social and economic objectives of the
upcoming five-year development plan, in line with the national goals and
programs of “Oman Vision 2040”.

More
than 68 meetings were held at various senior and executive administrative
levels. Some estimates were also discussed at the ministerial level, based on
the nature of new projects or additional social and economic requirements of
the upcoming five-year plan.

These
meetings were held as part of the Ministry of Finance’s keenness to prepare the
draft state budget in an integrated manner with various government entities,
enhancing consistency between financial requirements and the goals of annual
plans. This is in line with the government’s direction toward achieving
spending efficiency and the sustainability of public finance indicators. The
Ministry of Finance affirmed that the government is moving forward with
supporting the social and economic sectors through a balanced approach that
links social and economic requirements with available financial resources and
alternatives.

—Ends/AG