Selected Issues Papers

Mitigating Fiscal Risks in Oman

Author/Editor:

Abdullah Alhassan ; Dalia Aita

Publication Date:

June 5, 2024

Electronic Access:

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Summary:

Fiscal risks are multifaceted in Oman and their potential impact on the fiscal position could be significant. Identification, monitoring, transparent reporting, and effective risk management of fiscal risks are a key component of a sound medium-term fiscal framework and paramount in underpinning fiscal credibility and the sustainability of public finances. This note revisits the exposure of Oman’s fiscal position to an array of potential risks, zooming in on the impact of oil price volatility and potential risks stemming from state-owned enterprises. It documents actions taken by Omani policymakers to mitigate the impact of fiscal risks and provides further recommendations on fiscal risk disclosure and management.

Series:

Selected Issues Paper No. 2024/017

Subject:

Economic sectors Expenditure Fiscal risks International organization Monetary policy Oil prices Prices Public debt Public enterprises Public financial management (PFM)

Frequency:

Regular