Gulf Times – Record surplus seen for Qatar in 2012-13

An expected increase in revenue due to higher hydrocarbon prices will achieve another record fiscal surplus for Qatar, which QNB forecasts will rise to QR58bn in 2012-13.
This, QNB Group said, would be twice the level that is budgeted (QR28bn) and set a new record in absolute terms.
Revised figures for Qatar’s fiscal outturn in 2011/12 show that revenue, expenditure and surplus all reached record levels and QNB Group expects to see a similar pattern in 2012/13.

* username: rupertbu