Oman Cuts Deficit
Oman’s revenue rose to OR13.4bn ($34.8bn) for 2012, 52% higher than the OR8.8bn ($22.9bn) budget figure. Total expenditure at OR13.5bn ($35.1bn) was 35% above the budgeted OR10bn ($26bn), according to figures on the 2012 closed accounts announced by the Omani Ministry of Finance. A predicted deficit of OR1.2bn ($3.1bn) was all but eliminated, with an actual deficit of  OR80.6mn ($210mn) coming in 93% lower.
The increase in total...