Oman sets 2024 budget on average oil price of $60/bbl - state TV

Oman has set its 2024 budget on an average oil price of $60 per barrel and sees a budget deficit of 640 million rials ($1.66 billion) this year, around 1.5% of the country's GDP, state TV reported on Monday.

The country estimated expenditures of around 11.65 billion rials in its 2024 budget, up 2.6% from 2023 estimates, and revenues of 11.01 billion rials, up 9.5% from 2023 estimates.

($1 = 0.3850 Omani rials)

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