Bloomberg News

Oman Budget Spending Rises 19% in 10 Months Through October

December 30, 2011

Dec. 30 (Bloomberg) -- Oman’s general budget expenditure in the 10 months through October rose 19 percent to 6.96 billion riyals ($18.1 billion), the Finance Ministry said.

Total current expenditure grew 18 percent from a year earlier to 4.12 billion riyals, while investment expenditure climbed 9.2 percent to 2.18 billion riyals, the Muscat-based ministry said in a statement today.

Total revenue increased to 9.31 billion riyals in the period, from 6.44 billion riyals last year.

--Editors: Paul Richardson, Hilton Shone

To contact the reporter on this story: Paul Richardson in Nairobi at pmrichardson@bloomberg.net

To contact the editor responsible for this story: Inal Ersan at iersan@bloomberg.net


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