Qatar 2010/11 budget surplus shrinks to 2.9pc
Dubai, August 23, 2011
Qatar's government budget surplus shrank to QR13.5 billion ($3.7 billion), or 2.9 per cent of economic output, in the 2010/11 fiscal year, the Opec member's central bank report showed on Tuesday.
The Gulf Arab country's budget surplus stood at QR54.1 billion, or 15.2 per cent of gross domestic product in 2009/10.
Expenditures jumped 24 per cent to QR142.4 billion in the fiscal year, which ended in March 2011, while revenue decreased by 8 per cent to QR155.9 billion, the report showed. – Reuters