Mitigating Fiscal Risks in Oman

June 5, 2024

Preview Citation

Format: Chicago

Abdullah Alhassan, and Dalia Aita. Mitigating Fiscal Risks in Oman, (USA: International Monetary Fund, 2024) accessed November 12, 2024

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.

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

Keywords: Budget preparation process, Copyright page, Downside oil price scenario, Fiscal Risks, Global, Impact of fiscal risk, Oil Price, Oil price volatility, Oil prices, Oman, Public enterprises, SOEs debt, SOEs governance, SOEs performance, Transparency

Publication Details

Pages:

13
Volume:

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DOI:

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Issue:

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Series:

Selected Issues Paper No. 2024/017
Stock No:

SIPEA2024017
ISBN:

9798400277795
ISSN:

2958-7875

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