Gulf Times – Qatar budget surplus seen expanding by 10% of GDP

Qatar’s budget surplus will widen to more than 10% of the GDP in the current fiscal year, HSBC Global Research said in an estimate.
Terming Qatar as “one of the strongest growth stories in the region”, HSBC said the country’s current account surplus is also expected to have widened to just under 30% of GDP in 2011.
In its Q1, 2012 “Macro Middle East economics” HSBC estimates Qatar’s total reserves, including Qatar Investment Authority holdings, at more than $100bn.

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