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.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.