May 13 (Reuters) - Oman's year-to-date budget surplus
reached 931 million rials ($2.4 billion) at the end of March, a
17 percent drop from a year earlier, as a rise in public
spending outpaced revenue, data from the finance ministry showed
The surplus is equivalent to 3.1 percent of the sultanate's
2012 gross domestic product, according to a Reuters calculation
based on official data.
OMAN BUDGET 01-03/13 01-02/13 01-03/12
revenue (mln rials) 3,456.7 2,157.3 3,091.9
expenditure 2,525.7 1,520.7 1,970.4
balance 931.0 636.6 1,121.5
NOTE. Analysts polled by Reuters in April forecast the
non-OPEC oil exporter would post a fiscal surplus of 3.8 percent
of GDP in 2013.
Oman based its 2013 budget on a projected oil price of $85
per barrel and expected expenditure of 12.9 billion rials and a
deficit of 1.7 billion rials.
($1 = 0.3850 Omani rials)
(Reporting by Martin Dokoupil; Editing by Andrew Torchia)
Keywords: OMAN BUDGET/
(Martin.Dokoupil@thomsonreuters.com)(+971 4 362 5832)(Reuters Messaging: email@example.com)
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