Oman today_ The government of Oman plans to raise 750 million Omani rials ($1.9 billion) in 2025 to address its budget deficit and service public debt through the issuance of government bonds and Islamic bonds. These bonds will be issued in several stages throughout the year. The government has also forecast a budget deficit of 620 million Omani rials and will cover this gap through domestic and foreign borrowing and its reserves. Additionally, Oman’s public debt decreased in 2024, and debt servicing costs were reduced, signaling an improvement in the country’s financial situation.
Oman’s Financial Improvement with a Reduction in Debt and Debt Servicing Costs
