Oman surplus hits USD606m in 2014

05 Jan 2015

(MENAFN) Oman said that it has registered a budget surplus of USD606 million by end of November, 2014 due to relatively stable oil prices, going against projections that the budget would suffer USD4.67 billion in deficit, KUNA reported.

During the January-November period of 2014, government revenue amounted to USD23.46 billion, while its spending totaled at USD31.68 billion.

Meanwhile, government income declined by 2.5 percent during the cited period but non-oil revenues rose by 5.1 percent , which helped cover the decline in oil proceeds, which dropped by USD817.14 million to reach USD24.41 billion.

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