Oman budget envisages RO14bn spending. Bigstock/zwawol
Oman swings to $3.9bn deficit in Jan-May
MUSCAT, August 2, 2015
Oman posted a budget deficit of RO1.50 billion ($3.90 billion) in the first five months of this
year, swinging from a RO232.9 million surplus a year earlier.
The deficit is due to lower oil export prices, provisional finance ministry
data showed on Sunday.
Oman's 2015 budget plan envisages government expenditure of RO14.1 billion and a deficit of RO2.5 billion, assuming an average oil price of $75 per barrel. - Reuters