Sunday 21 December 2014
 
»
 
»
Story

Oman budget surplus hits $609m

Muscat, October 3, 2013

Oman's year-to-date government budget surplus widened to 234.5 million rials ($609 million) at the end of August from 178.5 million rials in the first seven months of 2013, official data showed on Thursday.
 
However, the January-August outcome is sharply down from a surplus of 2.6 billion rials in the same period of 2012, data
 from the National Center for Statistics and Information showed.
    
Analysts polled by Reuters in September forecast the non-Opec oil exporter would post a fiscal surplus of 4.9 percent of gross domestic product in 2013 and 3.0 percent in 2014.
 
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 |

More Finance & Capital Market Stories

calendarCalendar of Events

Ads