Sunday 12 August 2012

Oman to spend $1 billion more on job creation: official | Reuters

Oman plans to spend an additional $1 billion from its oil windfall to create jobs for its citizens over the next 12 months, a finance ministry official said on Sunday.

"We had a very good income from oil revenues in the first six months of the year," the official in the ministry's planning department, who declined to be named under briefing rules, told Reuters.

"Not only do we expect to comfortably balance the budget, but we will use $1 billion of that windfall to create jobs in the next 12 months from September."

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