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Wednesday, 21 September 2016

Qatar budget back to ‘near balance’ by 2018 | GulfNews.com

Qatar budget back to ‘near balance’ by 2018 | GulfNews.com:

"Qatar’s budget should be back to “near balance” by 2018, as it overcomes the shock waves from a global fall in energy prices, economists at Qatar National Bank (QNB) have forecast.
The QNB, in its Qatar Economic Insight report, predicts that rising oil prices and the introduction of a value-added tax will help Qatar recover from the deficits expected in 2016 and 2017.
“The government’s budget balance is expected to register a deficit of 5.3 per cent of GDP [gross domestic product] in 2016 and 2.2 per cent in 2017, before recovering to near balance in 2018,” the report said."



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