Mobile ESS unit project financing options in Oman 2025

How is the 2025 budget prepared in Oman?

The 2025 budget is prepared in accordance with Oman Vision 2040 and the Tenth Five-Year Development Plan (2021-2025), which aims to ensure financial, economic and social stability.

What does the 2025 budget mean for SMEs?

The 2025 budget has allocated OMR 50 million to support initiatives aimed at employing job seekers in the private sector. The government exempted 532 SMEs loans due to Development Bank and the Small and Medium Enterprises Development Authority.

How much does the 2025 budget estimate for electricity subsidy?

The 2025 budget estimates expenses for electricity subsidy at OMR 520 million, representing a 13% increase compared to the 2024 budget of OMR 460 million. at OMR 4.6 billion, representing a 2.6% increase compared to the 2024 budget of OMR 4.5 billion.

What is Oman Vision 2040?

This program, undertaken by the Ministy of Finance, aims to enhance public finances and strengthen the financial sector’s role in supporting Oman Vision 2040 to boost competitiveness, provide suitable financing options for various stakeholders and expand the financing market to adapt to anticipated changes in investment and economic sectors.

What are the sources of non-oil and gas revenues in Oman?

Dividends from Oman Investment Authority (OIA) continue to be another significant source of non-oil and gas revenues (OMR 800 million) for the government.

What is the inflation rate in Oman in 2024?

Inflation in Oman declined to approximately 0.6% at the end of November 2024 compared to 0.9% at the end of the same period in 2023 (according to the National Centre for Statistics and Information). The global inflation rate in 2024 is estimated at 5.8% (according to the International Monetary Fund).