نسخة تجريبية

Consumer Price Index (CPI)

Is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

Excise Tax

Is imposed on specific goods at different rates which are typically harmful to human health or the environment.

Value Added Tax (VAT)

Is an indirect tax on most goods and is levied on the value-added of business operations, which is the difference between the final price of a commodity and the cost of materials and services.

Inflation

Isa statistical indicator that measures changes in the prices of goods and services that fall within the household consumer spending basket in the "comparison period" vis-à-vis the "base period".

Foreign Direct Investment (FDI)

According to IMF and OECD definitions, the direct investment reflects the aim of obtaining a lasting interest by a resident entity of one economy (direct investor) in an enterprise that is resident in another economy. A direct investment enterprise is an incorporated or unincorporated enterprise in which a foreign investor owns 10% or more of the ordinary shares or voting power of an incorporated enterprise or the equivalent of an unincorporated enterprise.

The Balance of Trade (BOT)

Is the difference between the monetary value of a country’s imports and exports over a given time of period.

Financial position

Provides understanding on the fiscal performance of a country including its cash flows, reserves, public debt and etc.

Fiscal Space

According to IMF, fiscal space can be defined as room in a government´s budget that allows it to provide resources for a desired purpose without jeopardizing the sustainability of its financial position or the stability of the economy.

Fiscal Sustainability

Is the State’s ability to fulfil its financial obligations in the medium and long term and provide financial requirements and resources by diversifying revenue, increasing the efficiency of spending, and controlling the budget deficit.

Final Account

Is a financial statement on the actual revenue and spending for the previous fiscal year.

Treasury Bills (T-Bills)

Are government debt instrument issued with short-term maturities.

Public Debt

Represents the total outstanding debt (bonds, sukuk, direct loans …etc.) borrowed by the government.

  • Bonds: a fixed income instrument that represents a loan made by an investor to a borrower.
  • Sukuk: sharia-compliant bonds that provide an investor with a temporary ownership in an underlying asset, wherein the investor gets profits within a specific period of time.

Financial Reserves

Is the budget surplus over years, coupled with profits generated from investing the reserves.

Credit Rating

Is an opinion of a particular credit agency regarding the ability and willingness of an entity (government, business, or individual) to fulfil its financial obligations in completeness and within the established due dates.

Budget Deficit

Is the difference between revenue and spending and occurs when spending exceeds revenue.

Budget Surplus

Is the difference between revenue and spending and occurs when revenue exceeds spending.

Development Expenditure

Refers to Government expenditure to establish approved development projects.

Current Expenditure

Is consumed within the current year and would have to be renewed if needed in the following year.

Capital Expenditure

Is an amount spent to acquire or significantly improve the capacity or capabilities of a long-term asset.

Spending

Refers to all expenses incurred by Government units for public interest and service delivery.

Repayments

Refersto the repayments of loans and interests of loans provided by the Government to government entities and others outside the country.

Capital Revenue

Refers to the revenue that generated from the sale of government real estates and lands, social houses, and affordable housing loans.

Non-Tax Revenue

Refers to dividends, surplus of public authorities, telecommunication and airports revenue, passports and immigration fees, and fines and penalties.

Tax Revenue

Such revenue generated from corporate income taxes, customs taxes (duties), excise tax, and value added tax.

Current Revenue

Consists of tax and non-tax revenues.

Revenue

Is the money received by the Government from various sources of income to cover public spending and achieve economic and social balance.

State’s General Budget

Is a document prepared annually by the Government in accordance with the rules and regulations specified by the Financial Law and its Executive Bylaws, to present the estimates of public revenue and expenditure for the upcoming fiscal year.

Fiscal Balance Plan

Is a Medium-Term Fiscal Plan (2020 - 2024) that includes a set of measures and initiatives aiming at achieving fiscal sustainability while maintaining an attractive investment climate.

Tenth Five-Year Development Plan

Is a national medium-term action plan, which is an integrated and comprehensive plan, developed by the Government to be implemented over the next five years (2021-2025) within the framework of Oman Vision 2040. The Government seeks, through the plan, to engage the private sector and society towards the achievement of comprehensive and sustainable economic and social development.

Oman Vision 2040

Represents the national reference for the social and economic planning of Oman during the period (2021-2040).

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