Oman's government is expected to post a budget surplus of around $1 billion this year due to higher-than-expected oil prices, a senior Economy Ministry official said on Monday.
Analysts polled by Reuters had expected a larger fiscal surplus this year, while the Gulf Arab sultanate had budgeted for a deficit.
Most states in the world's top oil exporting region are expected to run budget surpluses this year despite increased spending as oil prices remain well above assumptions.
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