Muscat: The Ministry of Finance concluded meetings on Monday to examine detailed budget projections for government bodies for fiscal year 2026, as well as the financial framework for the 11th FiveYear Development Plan (2026-2030).
These meetings are part of the Ministry of Finance's commitment to matching government agencies' financial needs with yearly goals, preparing the draft state budget for fiscal year 2026, and preparing for the 11th Five-Year Development Plan (2026-2030).
The meetings were held to review the current state of the state budget implementation for fiscal year 2025, review the recurrent and development budget estimates submitted by government agencies for the following fiscal year and align them with the entities' annual plans, and create budget documents based on a program and performance-based budget.
Furthermore, the meetings reviewed initial projections for the 11th Five-Year Development Plan's financial framework (2026-2030), ensuring that they fulfill government agencies' yearly targets as well as the social and economic goals of the upcoming five-year development plan, in accordance with Oman Vision 2040's national goals and programs.
More than 68 meetings were held at different senior and executive administrative levels. Some estimations were also presented at the ministerial level, based on the nature of new projects or the additional social and economic needs of the next five-year plan.
These meetings were organized as part of the Ministry of Finance's efforts to create the draft state budget in an integrated manner with numerous government departments, ensuring coherence between financial needs and the goals of annual plans. This is in accordance with the government's aim to improve spending efficiency and ensure the sustainability of key financial measures. The Ministry of Finance stated that the government is continuing to support the social and economic sectors using a balanced strategy that connects social and economic demands with existing financial resources and options.
