Thursday 21 June 2018

Oman budget surplus widens to $1.2bn in Jan-July

Muscat, September 25, 2011

Oman's budget surplus widened to RO442.3 million ($1.2 billion) in the first seven months of the year compared with January-June, data from the Gulf country's finance ministry showed on Sunday.

Oman based its 2011 budget on a projected oil price of $58 a barrel and expected a deficit of RO850 million.

Analysts polled by Reuters in June expected the non-Opec oil producer to post a surplus of 4.8 percent of gross domestic product in 2011. – Reuters

Tags: Oman | Muscat | Budget | surplus | July |

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