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Posted On: 7 March 2009 06:04 am
Updated On: 12 November 2020 02:09 pm

Qatar likely to have $2bn surplus budget this year: Report

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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.