## Mitigating Fiscal Risks in Oman

_Selected Issues Papers, June 5, 2024_

## Source details

**Canonical URL:** [Mitigating Fiscal Risks in Oman](https://www.imf.org/en/publications/selected-issues-papers/issues/2024/06/12/mitigating-fiscal-risks-in-oman-549869)

## Other formats

- [Markdown version](/en/publications/selected-issues-papers/issues/2024/06/12/mitigating-fiscal-risks-in-oman-549869/index.md)
- [Structured JSON version](/en/publications/selected-issues-papers/issues/2024/06/12/mitigating-fiscal-risks-in-oman-549869/index.json)
- [Bundle manifest](/en/publications/selected-issues-papers/issues/2024/06/12/mitigating-fiscal-risks-in-oman-549869/bundle-manifest.json)

## Bibliographic details
- Authors: Abdullah Alhassan, Dalia Aita
- Published: June 5, 2024
- Series: Selected Issues Papers
- DOI: https://doi.org/10.5089/9798400277795.018

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### Executive summary
- 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.

### Focus areas analyzed
- Oil price volatility
  - Zooms in on the impact of oil price volatility on Oman’s fiscal position.
  - Considers downside oil price scenario as a material source of fiscal risk.
- State-owned enterprises (SOEs)
  - Examines potential risks stemming from state-owned enterprises, including SOEs debt, governance, and performance.
  - Highlights SOEs as channels for contingent fiscal liabilities.

### Actions documented by Omani policymakers
- Documents actions taken by Omani policymakers to mitigate the impact of fiscal risks (actions are described in the note; specifics in the full text).

### Recommendations on fiscal risk disclosure and management
- Provides further recommendations focused on:
  - Fiscal risk disclosure.
  - Fiscal risk management practices.
  - Strengthening transparency around public enterprises and contingent liabilities.

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## Content in this bundle

- **Mitigating Fiscal Risks in Oman; Oman:  Selected Issues Paper No. 2024/017; December 14, 2023**
  - [Mitigating Fiscal Risks in Oman; Oman:  Selected Issues Paper No. 2024/017; December 14, 2023 (Markdown version)](/-/media/files/publications/selected-issues-papers/2024/english/sipea2024017.pdf.md){rel="alternate" type="text/markdown"}
  - [Mitigating Fiscal Risks in Oman; Oman:  Selected Issues Paper No. 2024/017; December 14, 2023 (PDF)](/-/media/files/publications/selected-issues-papers/2024/english/sipea2024017.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/selected-issues-papers/issues/2024/06/12/mitigating-fiscal-risks-in-oman-549869_