Ministry of Finance

e-Services

Reports System (Business Intelligence)

A system that provides reports to Government units on integrated financial system and human resources system. It also provides reports to contractors on the status of due payments through beneficiary code.

Beneficiary Code System

An online service enables all Government contractors such as individuals, enterprises, and companies to obtain a reference number through which their payments due for providing services or works to the Government units shall be transferred.

Average Oil Price

(US$)

Average of Daily Oil Production

1055

(Thousand bbl)

Deficit

( 1550 )

Revenues

10580

Spending

12130

(RO Million)

Fiscal Performance

JANUARY 2022

Average Oil Price

81.58

(US$)

Average of Daily Oil Production

1010

(Thousand bbl)

Surplus

Revenues

803.3

Spending

785.3

(RO Million)

Until end of February 2022

Average Oil Price

(US$)

Average of Daily Oil Production

1019

(Thousand bbl)

Surplus

210

Revenues

1918

Spending

1707

(RO Million)

Until end of March 2022

Average Oil Price

(US$)

Average of Daily Oil Production

1025

(Thousand bbl)

Surplus

357

Revenues

3025

Spending

2668

(RO Million)

Until end of April 2022

Average Oil Price

(US$)

Average of Daily Oil Production

1031

(Thousand bbl)

Surplus

468

Revenues

4217

Spending

3749

(RO Million)

Recent Reports & Publications

Financial Performance

Budget 2022

Citizen Guide

Final Account 2020

Ministry Initiatives & Projects

Public-Private Partnership (PPP) Law

PPP Law aims to regulate PPP projects whereby private sector is assigned to establish, finance, manage, operate, or maintain infrastructure projects or public utilities against agreed benefits.

Privatization Law

A law regulating the policies and procedures related to transfer of ownership or management, wholly or partially, of public facilities or state-owned enterprises.

Government Financial System (Maliyah)

A modern system for managing public finance to be used by government units for planning, implementing, controlling, and reporting on the State’s budget. It will act as an information technology platform for the application of the rules, policies, procedures, and operations of public finance management.

Medium Term Fiscal Plan

A medium term fiscal plan (2020 - 2024) aims at achieving fiscal sustainability and financial balance between public revenue and public spending by the end of 2024, through introducing a number of financial initiatives and policies.

Partnership for Development Programme (Offset)

This programme entails that all companies that have contracts worth more than RO 5 millions with Government units, and also the companies to which the Government contributes more than 50% shall be committed to invest a specified percentage of contract value in economic projects.

Common Contract

The Common Contract is an initiative aimed at modernizing the standard contracts of various Government units, in accordance with the latest practices adopted by the International Federation of Consulting Engineers (FIDIC).

Programme Based Budget (PBB)

An advanced approach of fiscal planning that identifies public spending priorities and links spending to objectives and activities.

Tafakur Platform

An e-platform that aims to promote community participation between the Government and society by receiving ideas, suggestions and solutions that will help improve public financial management and achieve fiscal sustainability.

Public Debt

In 2017, the Government established a debt management office to optimize funding costs by: (i) diversifying funding sources; (ii) creating a central focal point to liaise with rating agencies, investors and internal budgeting requirements; and (iii) strategically timing issuances of debt securities to benefit from opportune market conditions.

Financial Policies Unit

The Macro Fiscal Unit (MFU) is viewed as an “internal think tank” that monitors ongoing developments and provides forward looking analysis and policy advice. The MFU helps in achieving the sustainability of adopted fiscal policies, taken into consideration oil price developments and associated performance of the hydrocarbon sector. In addition to ensure the effective contribution of fiscal policies and measures to the overarching national objectives of having a stable, growing and diversified economy.

Treasury Single Account (TSA)

A unified structure of government bank accounts, where all government account balances are accumulate to show the movement of net revenues and expenses. This would lead to the optimal use of government cash resources.

Supply Chain Financing (SCF) scheme

Is one of the Ministry of Finance’s initiatives that designed for improving liquidity management and facilitating the payment of Omani contractors and suppliers under contracts - worth no less than RO 100 thousand – with the Government units.

Budget

2022 Budget Estimates

Preliminary Results of 2021 Budget

e-Services

Reports System (Business Intelligence)

Beneficiary Code System

Deficit

Revenues

Spending

Fiscal Performance

JANUARY 2022

Surplus

Revenues

Spending

Until end of February 2022

Surplus

Revenues

Spending

Until end of March 2022

Surplus

Revenues

Spending

Until end of April 2022

Surplus

Revenues

Spending

Recent Reports & Publications

Financial Performance

Budget 2022

Citizen Guide

Final Account 2020

Ministry Initiatives & Projects

Public-Private Partnership (PPP) Law

Privatization Law

Government Financial System (Maliyah)

Medium Term Fiscal Plan

Partnership for Development Programme (Offset)

Common Contract

Programme Based Budget (PBB)

Tafakur Platform

Public Debt

Financial Policies Unit

Treasury Single Account (TSA)

Supply Chain Financing (SCF) scheme

Preliminary Results
of 2021 Budget