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Oman books $2bn budget surplus

According to figures from the Omani finance ministry, the Sultanate has booked a budget surplus of OR768m ($2bn) in the first two months of 2012, or around 2.7% of the country's 2011 nominal gross domestic product, as robust oil prices boosted revenue, Reuters has reported. Oman has raised its budget by 23% to OR10bn this year over its original projection for 2011. The 2012 plan includes almost 96% of last year's actual expenditure, which was boosted by extra spending following protests demanding more jobs and an end to corruption.