MUSCAT : The state recorded total public revenues of RO 8.481 billion by the end of Q3 2025, down from RO 9.198 billion in the same period of 2024. The bulletin attributed this decline primarily to a significant reduction in oil revenues, which fell 13 percent to RO 4.710 billion, compared to RO 5.436 billion collected in the corresponding period last year. The fall reflects the combined impact of lower global oil prices and reduced production levels.

Net gas revenues also registered a 4 percent decrease, reaching RO 1.296 billion, down from RO 1.345 billion in Q3 2024, due to the Integrated Gas Company’s current revenue collection methodology.
Despite declines in hydrocarbons, current revenues rose by RO 50 million, climbing to RO 2.449 billion, compared to RO 2.399 billion last year.

On the expenditure side, public spending rose 2 percent, reaching RO 8.914 billion by the end of the third quarter. This increase was driven primarily by higher development spending, which surged 31 percent, an additional RO 263 million, as projects across ministries and civil units accelerated. Development expenditures reached RO 1.103 billion, surpassing the annual allocation ceiling of RO 900 million by 23 percent.

Current expenditures also increased slightly, totalling RO 6.227 billion, up from RO 6.152 billion during the same period in 2024. Meanwhile, contributions and other expenses dropped to RO 1.583 billion, marking a reduction of RO 148 million from last year.

Sectoral support remained substantial, with allocations of RO 378 million for electricity, RO 424 million for social protection, and RO 55 million for petroleum products. Additionally, RO 300 million was transferred to the debt repayment provision.

Spending on social and basic sectors amounted to RO 3.817 billion, distributed across education (37%), health (26%), social welfare (26%), and housing (11%). The Ministry of Finance also reported paying RO 1.225 billion in dues to private sector entities through the financial system, maintaining a commitment to clearing payments within an average of five working days.

By the end of the third quarter, Oman’s public debt reached RO 14.7 billion, compared to RO 14.4 billion at the same time last year. The ministry attributed the rise to the refinancing of outstanding local debt instruments as part of the national borrowing plan and proactive measures taken to manage obligations due in the final quarter of 2025.

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