Oman: Budget deficit falls on higher oil revenue

Government revenues for the first ten months of 2021 were up 28% year-on-year to OR8.3bn ($21.6bn), while spending was broadly flat at OR9.3bn, according to Ministry of Finance data released in early December. The key factor was higher oil and gas prices with oil revenues up 35% compared to last year, to OR4.4bn, and gas revenues rising 51% to OR1.7bn.