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FINANCIAL NEWS
Oman sees $1.9b budget surplus at Apri-end
13 Jun 2010
(MENAFN) Oman’s Ministry of Economy said that the country’s budget surplus widened to $1.85 billion at the end of April, Reuters reported.
The non-Opec member expected a deficit of $2.08 billion, as it based its 2010 budget on a projected oil price of $50 a barrel.
Analysts expected that the sultanate will post a surplus of 3.8 percent of gross domestic product (GDP) this year.
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