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FINANCIAL NEWS
Oman’s budget surplus hits record USD2,490 in 2011
08 May 2012
(MENAFN) Oman’s Minister of National Economy, Ahmed bin Abdulnabi Mekki, said that the country was able to achieve a record surplus of USD2,490 billion back in 2011, reported Emirates 24/7.
The minister said that this was a major improvement from the country’s forecasted budget deficit of USD2,201.1 million. The country had a deficit of USD1,139 billon back in 2010.
The minister cited the positive turnaround to the hike in oil prices that took place last year.
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