Oman budget surplus down to USD354m in Jan.-Sept.

09 Nov 2014

(MENAFN) Oman’s government budget surplus has reached USD353.5 million during the January-September period of this year, registering a decline compared to a surplus of USD879.97 million during the same period in 2013, Arabian Business reported.

The Sultanate’s original budget plan for this year, which was based on a projected oil price of USD85 per barrel, projects expenditure of USD34.95 billion and a deficit of USD4.66 billion this year.

Oman was expected to register a fiscal surplus of 0.5 percent of gross domestic product in 2014 while next year, it was expected to slip into a deficit of 0.8 percent of GDP in 2015.

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