Wednesday, April 22, 2026

Business News

Finance and economy ministries set guidelines for Oman’s 2027 budget preparation

The Ministries of finance and economy have released Financial Publication No. 1 for 2026, outlining the regulatory framework for 2027 general budget, covering both current and development expenditures.

TAS News Service

info@thearabianstories.com

Wednesday, April 22, 2026

MUSCAT : The circular calls on all ministries, government agencies, and public institutions to prepare their budget proposals in accordance with approved templates available through official platforms. These include current expenditure budgets, capital expenditure allocations, and development project budgets.
It also stresses the importance of submitting a comprehensive set of supporting documents and reports to ensure alignment with national financial planning standards.

Key requirements include the submission of draft annual plans outlining general objectives, performance indicators, proposed programmes and initiatives, along with detailed budgets and implementation timelines. These are to be submitted to the General Secretariat of the Council of Ministers each October.

Government entities are also required to provide detailed explanations of the methodologies and criteria used in preparing the 2027 estimates, with comparisons to the 2026 budget. In addition, a medium-term financial plan covering the period 2027–2030 must be prepared, outlining projected revenues and expenditures.

The circular sets June 30, 2026, as the deadline for submitting estimated budgets, alongside a statement detailing measures taken to enhance revenues and rationalise spending, including their financial impact. It also requires draft programme- and performance-based budgets to be prepared using approved 2027 templates.

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