02 Dec 2010
(MENAFN) Oman’s Ministry of Economy projects record expenditure of $21.12 billion for the 2011 budget, up 13.2 percent from the previous year, Reuters reported.
The sultanate forecast a budget deficit of $2.08 billion this year, but analysts expected the shortfall to be comfortably wiped out.
Revenues for 2011 were estimated at $19 billion from $16.6 billion for the current year.
The 2011 budget was estimated with an expected oil price of $58 per barrel, $8 more than in 2010, with average daily production of 896,000 barrels, 3 percent higher than 2010.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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