The 2024 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.
It is based on a set of economic and social objectives such as achieving economic growth of not less than 3%, maintaining the inflation rate at moderate levels (around 3%), achieving financial sustainability, stimulating the investment climate, enhancing the role of Development Bank in financing valueadded projects, operating Oman Future Fund and starting its financing activities, maintaining spending on basic social services provided by the government, developing incomegenerating sources for governorates and continuing to implement national programs. It also acknowledges various financial and economic risks such as oil price volatility, higher interest rates, geopolitical tensions, global inflationary pressures, and climate change and natural disasters.
