وزارة المالية

We diligently monitor global developments and devise our financial policies in a manner that ensures harmonization with the sustainability of the state`s public finances. We aim to diversify income sources and achieve the ambitious objectives outlined in Oman Vision 2040.

His Excellency Sultan bin Salem Al Habsi

Minister of Finance

Ministry History

1941

Establishing the first administrative body for the Ministry of Finance, known asthe “Department of Financial Affairs”, managed personally by His Majesty the Sultan.

Adding three departments when establishing the State’s administrative apparatus: Central Treasury Department, Accounts Audit Department, and Central Accounts Department to which the customs and financial planning section was added later.

1975

Determining the competencies of the Ministry of Finance and its organizational structureby the Royal Decree No. 26/1975

1980

Establishing the State General Reserve Fund by the Royal Decree No. 1/1980, which stipulated that the Directorate General of Finance would be the executive of the Fund.

1980

Reorganizing the Directorate General of Finance by Royal Decree No. 40/1980, where some of its departments were upgraded to directorate general, in addition to establishing a finance office in Salalah.

1982

Determining the competencies of the Deputy Prime Minister for financial affairs by the Royal Decree No.87/1982.

1984

Approving the organizational structure of the Office of the Deputy Prime Minister for Financial and Economic Affairs by the Royal Decree No.27/1984.

1985

Establishing the Ministry of Finance and Economy by Royal Decree No.64/1985, which stipulated an amendment to the organizational structure of the Office of the Deputy Prime Minister for Financial and Economic Affairs.

1991

Appointing a Secretary General for Tax by Royal Decree No. 4/1991, so that the General Secretariat for Tax becomes one of the organizational divisions of the Ministry of Finance and Economy.

1994

Determining the competencies of the Ministry of Finance and Economy by the Royal Decree No. 47/1994.

1995

Changing the name of the Ministry of Finance and Economy to the Ministry of Finance, as financial activity was separated from economic activity and an independent ministry was created for each by Royal Decree No. 69/1995.

1996

Determining the competencies of the Ministry of Finance and its organizational structure by the Royal Decree No. 39/1996.

2008

Amending the organizational structure of the Ministry of Finance by the Royal Decree No.41/2008.

2019

Establishing Tax Authority under the supervision of the Council of Ministers, by the Royal Decree No.66/2019.

2020

Amendingsome provisions of two Royal Decrees related to the establishment of the Tax Authority and the adoption of its organizational structure by the Royal Decree No 103/2020.

2020

Establishing Oman Investment Authority by the Royal Decree No. 61/2020, which determined the subordination of the Authority to the Council of Ministers.

2022

اعتماد اختصاصات وزارةالمالية واعتماد هيكلها التنظيمي وفق المرسوم السلطاني رقم (91/2022).

2020

Vision

To optimize the utilization of the state`s financial resources, foster diversification of resources, and strike a delicate balance between revenues and expenditures, all in pursuit of sustainable development.

Mission

We are committed to preparing the state`s comprehensive budget, formulating executive policies, devising financial plans, and meticulously scrutinizing government projects, financing methods, and investment opportunities in light of global financial trends, which in turn empowers us to make informed and effective decisions.