Qatar's state budget surplus narrowed to 2.9 percent of quarterly economic output in the third quarter of its 2011/12 fiscal year, as revenue dropped compared with the previous three months while spending took off, data showed on Thursday.
The world's top exporter of liquefied natural gas booked a surplus of 5.1 billion riyals ($1.4 billion) in October-December 2011, down from a hefty surplus of 42.2 billion riyals, or 25.6 percent of gross domestic product, in the previous quarter, preliminary estimates published by the central bank showed.
On a cumulative basis, the budget surplus reached 45.1 billion riyals in the first three quarters, or 7.1 percent of 2011 GDP, a Reuters calculation based on official data showed.
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