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Mitigating Fiscal Risks in Oman
Author:
Abdullah Alhassan https://isni.org/isni/0000000404811396 International Monetary Fund

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Dalia Aita
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Series:
Selected Issues Papers
Volume/Issue:
Volume 2024: Issue 017
Language:
English
Publication Date:
05 Jun 2024
DOI:
https://doi.org/10.5089/9798400277795.018
ISBN:
9798400277795
ISSN:
2958-7875
Pages:
13
Keywords:
Oman; Fiscal Risks; Oil Price; Transparency; oil price volatility; copyright page; impact of fiscal risk; SOEs performance; SOEs debt; budget preparation process; downside oil price scenario; SOEs governance; Oil prices; Public enterprises; Global
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IMF Selected Issues Papers are prepared by IMF staff as background documentation for periodic consultations with member countries. It is based on the information available at the time it was completed.
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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.
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Cover Selected Issues Papers
Selected Issues Papers
Publisher:
International Monetary Fund