Wednesday 2 February 2011

Qatar budget swings into $5bn surplus - Arab News

Qatar's state budget swung into a surplus of 17.5 percent of annual economic output in July-September last year as government revenue doubled from a year earlier, data showed on Tuesday.

The surplus reached 19.4 billion riyals ($5.3 billion) in the second quarter of Qatar's 2010/11 fiscal year as revenue was partly boosted by higher gas output, the central bank's preliminary estimates showed.

Qatar, one of the world's top investors through its sovereign wealth fund, ran a deficit of 23.2 percent of gross domestic product in April-June, which analysts said was due to common budgetary adjustments.

No comments:

Post a Comment