Qatar is the only GCC state likely to have a $2bn surplus budget in fiscal 2009, Al Sharq reports in today’s edition quoting a Gulf study announced by the Emirates Industrial Bank yesterday. The Gulf countries together will have $24bn less in their budgets this year. The total GCC surplus in 2008, according to the report, was $189bn. According to the report Qatar in 2009 will have revenues amounting to $29.5bn and expenses of $27.5bn. http://thepeninsulaqatar.com/Display_news.asp?section=Local_News&subsection=Qatar+News&month=March2009&file=Local_News200903067613.xml

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