Oman faces larger than expected budget deficit this year amid ongoing oil slump | The National:
"Oman is on course to run a bigger than expected budget deficit this year, as declining global energy prices hit the country’s finances.
The country planned its budget for this year based on its expectation of an oil price of $75 per barrel, but average prices this year have been about $55 per barrel.
Oman ran a US$4.98 billion deficit in the first half of the year, equivalent to about 6.1 per cent of its GDP, according to data from its finance ministry."
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