Oman's budget surplus rose to 1.6 billion rials ($4.2 billion) in the first five months of this year as oil revenue soared, while inflation slowed sharply, data showed on Wednesday.
The budget surplus is equivalent to about 5.7 percent of the sultanate's 2011 nominal gross domestic product, according to a Reuters calculation.
Oman, which faces a challenge to create tens of thousands of jobs every year for its fast-growing population, has raised its budget by 23 percent to 10 billion rials this year compared to its original projection for 2011.
No comments:
Post a Comment