Qatar has booked significant surplus in 2010/11 as the country’s oil prices averaged $84.48 per barrel in the last fiscal, up 54% on the estimated budget price of $55/b.
In its 2010/11 budget, Qatar pencilled in spending worth QR117.9bn and a surplus of QR9.7bn, or 2.7% of GDP. The 2010/11 budget was based on a conservative oil price of $55 per barrel.
With Qatari oil price averaging $84.48 per barrel in 2010/11 (based on data compiled by QNB) the budget surplus would have been significant.
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