Oman records budget surplus as oil revenues surge

MUSCAT // Oman registered a budget surplus of 925.6 million rials in the first nine months of 2011.

Official statistics showed that higher oil revenues were behind the increase.

The country's income for the period of January to September this year rose 44.2 per cent to 8.31 billion rials (Dh79.27bn) compared to the same period last year, the ministry of finance figures show.

Net oil revenues surged 62.6 per cent to 6.386bn rials in the nine months compared to last year.

Oman's expenditure increased to 7.389bn rials in September, up from 5.875bn rials last year.

foreign.desk@thenational.ae

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