Oman: Government plans for fiscal deficit as outlook eases

Risk Management
Issue 1161 - 16 Jan 2023 | 3 minute read

Risk Grade B3↑

Improving outlook:  Like most other hydrocarbons exporters, Oman’s economic outlook has been improved by a sustained period of high oil prices. We expect relatively buoyant oil and gas prices to continue through 2023, despite mixed signals from the global market. Added to a perception that economic performance is slowly improving on Sultan Haitham Bin Tariq Al-Said’s watch, GSN has attached a positive upwards arrow to Oman’s economic and financial risk grade.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News

Risk Management Report grades

GSN risk grades are intended to provide a broad guide to political and economic stability.

Political risk
Rated according to six grades, from A (most stable) to F (failed state).

Economic and financial risk
Graded from 1 (wealthiest/most sound financials) to 6 (bankrupt).

The grades are intended only to offer an immediate gauge of where risk stands in the regional pecking order. An A or 1 grade does not mean the polity is devoid of risk.

To provide a degree of nuance, risk grades also use trends arrows which go upwards (↑) or downwards () to denote cases where momentum is positive or negative.

The grades do not change regularly: upgrades and downgrades are intended to reflect long-term trends or the impact of an exceptionally changed situation.