Qatar to post QR9.7bn surplus

01 April 2010

Qatar's finance minister Youssuf Hussein Kamal has said that the government expects to post a budget surplus of QR9.7bn ($2.67bn) in the fiscal year 2010/11 as rising oil prices counter a 25% jump in spending, state news agency QNA has reported. Qatar drafted its budget for the coming fiscal year, which starts in April, with expenditures of QR117.9bn, above the QR94.5bn budgeted for the current year. Revenues were set at QR127.5bn for fiscal 2010/11, compared with QR88.7bn in 2009/10.

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