Rising gas revenues will see Qatar’s fiscal surplus for 2010-2011 rise to a record 10.5 percent of gross domestic product (GDP), according to official estimates.
"Qatar's budget is expected to record a surplus of around 10.5 percent in the current fiscal year,” the Abu Dhabi-based Arab Monetary Fund (AMF) is quoted as saying in a report by Emirates 24/7 on Wednesday.
However, the AMF added that the surplus “will remain lower than the surplus recorded in the previous fiscal year...this is because of high spending as part of the country's counter-crisis fiscal expansion measures."
No comments:
Post a Comment