Oman: Selected Issues

International Monetary Fund

No 2024/032, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper 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. Better understanding of fiscal risks, combined with their transparent reporting and effective risk management underpin fiscal credibility and the sustainability of public finances. The annual budget can disclose guarantees, related beneficiaries, the expected duration, and the intended purpose. It is essential to identify and disclose the main fiscal risks from climate-related events and Oman’s climate agenda, both in qualitative and quantitative terms. Effective fiscal policymaking and fiscal risk management require appropriate coordination of decision making between central government and other parts of the public sector.

Keywords: government bond bond market; government bond market in Oman; productivity gain; Passthrough regression; Fed policy rate hike; banking sector overview; banking sector concentration; Fiscal risks; Securities markets; Financial sector development; Capital markets; Productivity; Global (search for similar items in EconPapers)
Pages: 53
Date: 2024-01-29
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