Oman's government revenues up 39.6%

The Sultanate of Oman's government revenues rose by (39.6%) at the end of April 2012 to (RO 4599.8) million against (RO 3295.3) million during the corresponding period in 2011. The monthly statistical bulletin attributed this to a (35%) rise in the Sultanate's net oil revenues, which stood at (RO 3268.2) million by the end of April 2012 against (RO 2420) million during the corresponding period in 2011, and a (108%) rise of gas revenues to (RO 687.1) million against (RO 330.3) million by the end of April 2011, according to Oman news agency (ONA). Custom charge earnings also rose by (40%) to (RO 66.1) million during April 2012 against (RO 47.2) million. Capital revenues declined by (36.9%) to (RO 4.1) million against (RO 6.5) million during April 2011. The government's total general expenditure rose by (25.8%) during April 2012 to (RO 3130.1) million against (RO 2489) million during the corresponding period in 2011. The investment spending declined by (11.8%) to (RO 771.6) million against (RO 875.3) million. The State's General Budget surplus achieved an (RO 1469.7) million during April 2012 against a deficit by (RO 114.3) million during the corresponding period in 2011.