Qatar's state budget turned a hefty surplus of 25.6 percent of quarterly economic output in the second quarter of its 2011/12 fiscal year as revenues jumped, data showed on Tuesday.
The world's top exporter of liquefied natural gas booked a surplus of 42.2 billion riyals ($11.6 billion) in July-September 2011, reversing a deficit of 2.2 billion riyals, or 1.4 percent of gross domestic product, in the previous three months, preliminary estimates published by the central bank showed.
Revenue jumped 61 percent to nearly 78 billion riyals in July-September from a year earlier, helped by rising oil prices and expanded gas production, bringing cumulative income for the first two fiscal quarters to 68 percent of the 2011/12 target, according to a Reuters calculation.
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