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Oman budget returns to surplus

Muscat, August 21, 2013

Oman's government budget returned to surplus of 95.3 million rials ($247.5 million) at the end
of June from a deficit of 110.4 million seen in the first five months of 2013, data showed on Wednesday.
 
The January-June outcome is sharply down from a surplus of 1.6 billion rials seen in the same period of 2012, data from the National Center for Statistics and Information show.
    
Analysts polled by Reuters in April forecast the non-Opec oil exporter to post a fiscal surplus of 3.8 percent of GDP in 2013. 
 
Oman based its 2013 budget on a projected oil price of $85 per barrel, expected expenditure of 12.9 billion rials and a deficit of 1.7 billion rials. - Reuters



Tags: Oman | Budget | surplus |

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