Author
International Monetary Fund. Middle East and Central Asia Dept.
Publication Date
2024
Publication Place
Washington, D.C. -
International Monetary Fund
Subject
Banking, Banks and Banking, Capital market, Finance, Finance: General, Financial Markets and the Macroeconomy, Financial markets, Financial services industry, Fiscal policy, General Financial Markets: General (includes Measurement and Data), Industrial productivity, Interest rates, Interest Rates: Determination, Term Structure, and Effects, International agencies, International Agreements and Observance, International Economics, International institutions, International organization, International Organizations, Investment & securities, Macroeconomics, Macroeconomics: Production, Monetary economics, Monetary Policy, Monetary policy, Money and Monetary Policy, Production and Operations Management, Production, Public Administration, Public finance & taxation, Public Finance, Public financial management (PFM), Public Sector Accounting and Audits, Oman
Type
Book
Language
Arabic
Digital
Yes
Manuscript
No
Pages Count
54
Library
Wesleyan University Library
Library Asset ID
ISBN : 9798400270475
Record ID
alma9933318261403768
Library Location
See online access
Date
2024
Notes
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.
Seri
IMF Staff Country Reports, IMF Staff Country Reports; Country Report ; No. 2024/032
