Qatar raised its budget surplus estimate notably to 54.3 billion riyals ($15 billion) for the fiscal year ended in March as revenue was higher than previously expected, preliminary data showed on Monday.
The 2011/12 fiscal surplus of the world's top exporter of liquefied natural gas was equivalent to 8.6 percent of gross domestic product, according to the economy and finance ministry calculation, up from the original 22.5 billion-riyal plan.
The surplus, the highest since at least 2005/06, is well up from 44.5 billion riyals reported earlier in July in a
prospectus for the country's Islamic bond.
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