{
  "title": "Mitigating Fiscal Risks in Oman",
  "publication": "Selected Issues Papers, June 5, 2024",
  "sourceUrl": "https://www.imf.org/en/publications/selected-issues-papers/issues/2024/06/12/mitigating-fiscal-risks-in-oman-549869",
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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 fis",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- Fiscal risks in Oman are multifaceted and their potential impact on the fiscal position could be significant.\n- Identification, monitoring, transparent reporting, and effective risk management of fiscal risks are key components of a sound medium-term fiscal framework and paramount in underpinning fiscal credibility and the sustainability of public finances.\n- This note revisits the exposure of Oman’s fiscal position to an array of potential risks, with a focus on oil price volatility and potential risks stemming from state-owned enterprises."
    },
    {
      "heading": "Focus areas analyzed",
      "content": "- Oil price volatility\n  - Zooms in on the impact of oil price volatility on Oman’s fiscal position.\n  - Considers downside oil price scenario as a material source of fiscal risk.\n- State-owned enterprises (SOEs)\n  - Examines potential risks stemming from state-owned enterprises, including SOEs debt, governance, and performance.\n  - Highlights SOEs as channels for contingent fiscal liabilities."
    },
    {
      "heading": "Actions documented by Omani policymakers",
      "content": "- Documents actions taken by Omani policymakers to mitigate the impact of fiscal risks (actions are described in the note; specifics in the full text)."
    },
    {
      "heading": "Recommendations on fiscal risk disclosure and management",
      "content": "- Provides further recommendations focused on:\n  - Fiscal risk disclosure.\n  - Fiscal risk management practices.\n  - Strengthening transparency around public enterprises and contingent liabilities.\n\n---\n\n Content in this bundle\n\n- Mitigating Fiscal Risks in Oman; Oman:  Selected Issues Paper No. 2024/017; December 14, 2023\n  - Mitigating Fiscal Risks in Oman; Oman:  Selected Issues Paper No. 2024/017; December 14, 2023 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Mitigating Fiscal Risks in Oman; Oman:  Selected Issues Paper No. 2024/017; December 14, 2023 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/selected-issues-papers/issues/2024/06/12/mitigating-fiscal-risks-in-oman-549869"
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    "Authors: Abdullah Alhassan, Dalia Aita",
    "Published: June 5, 2024",
    "Series: Selected Issues Papers",
    "DOI: https://doi.org/10.5089/9798400277795.018",
    "Fiscal risks in Oman are multifaceted and their potential impact on the fiscal position could be significant.",
    "Identification, monitoring, transparent reporting, and effective risk management of fiscal risks are key components 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, with a focus on oil price volatility and potential risks stemming from state-owned enterprises.",
    "Oil price volatility",
    "State-owned enterprises (SOEs)",
    "Documents actions taken by Omani policymakers to mitigate the impact of fiscal risks (actions are described in the note; specifics in the full text).",
    "Provides further recommendations focused on:",
    "**Mitigating Fiscal Risks in Oman; Oman:  Selected Issues Paper No. 2024/017; December 14, 2023**"
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