Oman 9-month surplus rises to $7.5bn
Muscat, November 20, 2012
Oman's budget surplus widened to 2.90 billion rials ($7.5 billion) in the first nine months of this
year from 2.63 billion rials in the first eight months, data from the finance ministry showed on Tuesday.
The surplus is equivalent to 10.4 percent of the sultanate's 2011 gross domestic product, according to a Reuters calculation based on the official data.
Oman based its 2012 budget on a projected oil price of $75 per barrel and predicted a deficit of 1.2 billion rials.
Analysts polled by Reuters in September forecast the non-Opec oil exporter would post a fiscal surplus of 8.1 percent of GDP in 2012. - Reuters