Oman's budget surplus surged to a record high of RO1.683 billion in the first half of 2012, on the back of surging oil and gas revenues.
Total government revenue shot up 35.4 per cent to RO7.369 billion, from RO5.443 billion for the same period last year, according to statistics released by the erstwhile Ministry of National Economy.
Net oil revenue, which accounts for almost 70 per cent of total revenue, for the six-month period rose 30 per cent to RO5.277 billion, while gas revenue shot up to RO837.2 million from RO503.2 million. Expenditure was RO5.763 billion, compared to RO3.943 billion during the same period in 2011.
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