Oman's 2009 budget deficit smaller than planned

01 March 2010

Data by the central bank of Oman has showed that the Sultanate had booked a budget deficit of OR22.1m in 2009, a fraction of the country's initial plan, helped by recovery in oil prices, Reuters has reported. The Gulf state had originally planned a budget shortfall of OR810m in 2009 based on an oil price of $45 a barrel and following a surplus of OR1.6bn in the previous year.

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