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FINANCIAL NEWS
Oman records USD4.2b budget surplus in H1
09 Aug 2012
(MENAFN) Recent official data showed that Oman’s budget surplus grew to USD4.2 billion during the first half of 2012, Reuters reported.
According to the data by the Ministry of Finance, the Sultanate’s revenue during the first six months stood at USD19 billion, up from USD14 billion a year earlier.
Expenditure grew as well in the period to USD14.9 billion, compared to USD10.21 billion a year earlier
Oman based its 2012 budget on a projected oil price of USD75 per barrel and expected a deficit of USD3.11 billion.
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