Thursday, 12 August 2021

#Oman deficit at $2.86 billion in June | Reuters

Oman deficit at $2.86 billion in June | Reuters

Oman posted a year-to-date budget deficit of 1.1 billion rials ($2.86 billion) in June, the Ministry of Finance said on Thursday.

Oman is among the weakest countries financially in the oil-rich region and more vulnerable to swings in the price of hydrocarbons, a sector that accounted for about a third of its gross domestic product (GDP) in 2019.

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