Qatar public spending jumps to 160 percent

Qatar public spending jumps to 160 percent:

"Qatar’s public expenditures has jumped to a whopping 160 percent during the period 2008-13, to reach $683bn. Qatar’s import coverage ratios of the region’s foreign exchange (FX) reserves are comfortably higher than the threshold coverage ratio of 3 months of imports. As for 2013, it ranges between 10 months in Qatar, according to a new report.
The Gulf Investment Corporation’s (GIC) monthly GCC Markets report for September has placed Qatar in the upper tiers of investment grade in terms of sovereign credit ratings. The country’s credit ratings, like other GCC countries, are on a par with most developed economies. These high credit ratings are mainly a result of strong macroeconomic fundamentals as GCC countries enjoys large fiscal surpluses, low  level of public debt and robust non-oil GDP growth. "

'via Blog this'