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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