Tuesday 13 November 2012

Qatar govt budget slips into $5 bln deficit in April-June | Reuters

Qatar's government budget slipped into a deficit of 18.5 billion riyals ($5.1 billion) in the first quarter of its 2012/13 fiscal year, preliminary data from the central bank showed on Tuesday.

The fiscal shortfall of the world's No. 1 exporter of liquefied natural gas was equivalent to 10.7 percent of gross domestic product in the period, according to the central bank.

It was wider than the 2.2 billion-riyal gap, or 1.4 percent of GDP, seen in the same quarter of last year.

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