Oman's economy minister, Ahmed Mekki, has said the country will finance its planned OR800m budget deficit for 2010 from its reserve funds if needed, Reuters has reported. The non-OPEC oil producer raised spending by 12% in this year's budget on prospects of higher oil prices to finance a range of infrastructure projects. 'However, we expect the average oil prices to stay above what we forecast for this year's budget,' he was quoted as saying by the news service.
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