Qatar to Curb Transfers to Its Sovereign Fund Until 2022 - Bloomberg

Qatar to Curb Transfers to Its Sovereign Fund Until 2022 - Bloomberg:

"A combination of lower energy prices and increased domestic investments will curb the net transfer of funds to Qatar’s sovereign wealth fund until 2022, according to the gas-rich country’s latest forecast. Qatar, isolated in a standoff with its Gulf neighbors, has trimmed its budget since energy revenue began declining in 2014, including removing some subsidies and consolidating government ministries and state-owned companies. But despite the reductions in “current expenditure,” which is projected to decline to 21.2 percent of gross domestic product by 2022 from 32.6 percent in 2015, there will be limited surpluses left over for the Qatar Investment Authority, as the fund is known, the government said in a national development strategy report."



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