Public debt decreases to RO 14.1 bn by the end of Q2 2025

MUSCAT: Public debt of the Sultanate of Oman decreased by the end of Q2 2025 to reach RO 14.1 billion compared to RO 14.4 billion by the end of the corresponding period in 2024.

By the end of Q2 2025, the Ministry of Finance had paid over RO 749 million to the private sector, received through the financial system with complete documentation. This reflects the ministry’s commitment to settling fully documented private sector dues within an average of five working days.

Public revenue by the end of Q2 2025 totalled RO 5,839 million, reflecting a 6% decrease from RO 6,197 million recorded during the same quarter of 2024. The decline is largely due to a fall in hydrocarbon revenue.

Furthermore, net oil revenue amounted to RO 3,018 million as of the end of Q2 2025, representing a 10% decrease from RO 3,362 million collected during the same quarter of 2024, due to lower average oil prices and production.

Net gas revenue reached RO 884 million as of the end of Q2 2025, reflecting a 6% decline from RO 943 million recorded in the same quarter of 2024.

Development expenditure of the ministries and government units reached RO 688 million as of the end of Q2 2025

Meanwhile, current revenue totalled RO 1,928 million as of the end of Q2 2025, indicating a 2% increase, from RO 1,882 million collected during the same quarter in 2024.

By the end of Q2 2025, public spending totalled RO 6,098 million, marking a 5% increase, i.e., RO 292 million, from RO 5,806 million recorded during the same quarter of 2024.

This growth is primarily attributed to increased development expenditure compared to the same period in 2024.

Current expenditure amounted to RO 4,118 million as of the end of Q2 2025, reflecting a 1% decrease, i.e., RO 53 million, from RO 4,065 million reported during the same quarter of 2024.

Development expenditure of the ministries and government units reached RO 688 million as of the end of Q2 2025, representing 76% of total development expenditure, i.e., RO 900 million, allocated for 2025, driven by the accelerated pace of work on ongoing development projects.

Contributions and other expenses totalled RO 1,161 million as of the end of Q2 2025, indicating a 7% increase, i.e., RO 73 million, from RO 1,088 million recorded in the same quarter of 2024.

Subsidy allocations included RO 339 million to the electricity sector, RO 289 million to the social protection system, and RO 44 million for oil products.

Furthermore, RO 200 million was transferred to the future debt obligations budget item. — ONA