#Qatar’s fiscal position strengthens on oil, gas revenues: EIU

Qatar’s fiscal position strengthens on oil, gas revenues: EIU:

The risk of capital outflows induced by the regional blockade on Qatar has largely subsided with the “recovery of foreign reserves and the return to a current-account surplus” in 2018, according to the Economist Intelligence Unit. 

Moreover, reserves at the Qatar Investment Authority (QIA, the sovereign wealth fund) are sufficient to maintain the currency peg to the dollar for several years, meaning that a “devaluation remains a distant prospect” EIU said in an overview.

Qatar’s fiscal position (which is now in a surplus) is also strengthening, because of an increase in oil and gas revenue, although spending on subsidies and wages will remain a “constraint on the rating”.