Qatar’s prudent 2018 budget is ‘credit positive’, says Moody’s

Qatar’s prudent 2018 budget is ‘credit positive’, says Moody’s:

"Qatar’s “prudent” approach to 2018 budget planning is “credit positive”, Moody’s Investor service said, noting it “reduces the risk of fiscal slippage” that would increase the government’s debt burden at potentially higher costs. 
Moreover, Moody’s sees “upside potential” for Qatar’s revenue in 2018 based on its higher oil price projections. The 2018 state budget increases total spending by 2.4% year-on-year to QR203.2bn.
The lion’s share of total spending (QR97.5bn or 48%) will be allocated to capital expenditures, including QR11.2bn for projects related to the 2022 FIFA World Cup. "



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