Despite falling oil prices and a drop in revenue, Oman increased its project spending by 37% in the first half of 2025, according to the Finance Ministry. This rise in expenditure, which totaled 6.09 billion Omani rials ($15.8 billion), led to a budget deficit but also helped the country achieve a real growth rate of 2.5%.
The report highlights that the primary driver for the spending increase was a 37% surge in development spending, which reached 688 million Omani rials ($1.7 billion). This figure represents almost 76% of the country’s total planned capital expenditure for the year.
In contrast, other areas saw minimal change. Current expenditures, which cover public servant salaries, only grew by about 1% to 4.1 billion Omani rials ($10.6 billion). Meanwhile, total revenues declined by 6% to 5.8 billion Omani rials ($15 billion), with both oil and gas earnings experiencing a drop.
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