Oman plans $3.1B deficit in 2012 draft budget
Oman set its 2012 draft budget with a deficit of 1.2 billion rials ($3.1 billion) and expenditures of 10 billion rials, higher than planned for 2011, a finance ministry official said on Wednesday.
November 23, 2011 10:49 by Reuters
The budget is based on an average oil price of $75 per barrel in 2012, the official said. (Reporting by Saleh Al-Shaibany; Writing by Martin Dokoupil; Editing by Martina Fuchs)