Oman
Oman will capitalise on its fiscal space
The 2024 budget aligns with the government’s aims of reducing the debt burden and building fiscal sustainability
OmanOman’s reliance on foreign investments will grow
The government is pressing on with hydrogen production projects to reduce fossil fuel reliance
OmanOman's growth will depend on reforms and oil prices
An IMF staff visit to Oman took place on November 1-15
OmanOman will prioritise hydrogen production
The government is focusing on fiscal consolidation and aims to reduce vulnerability to oil price fluctuations
OmanOman’s macroeconomic outlook will weaken in 2023
Growth in Oman rose in 2022, driven by strong oil prices and higher oil and gas production
OmanGulf states’ non-oil growth will depend on oil income
The Gulf states are attempting to diversify their economies by building up their non-oil private sectors
Gulf statesEconomic reforms will boost Omani employment
Fiscal pressures and youth unemployment have galvanised efforts to nationalise the workforce
OmanOman’s fiscal surplus will allow further debt pay down
Oman’s fiscal account recorded a strong, albeit declining, surplus in the first half of 2023
Oman
