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FINANCIAL NEWS
Qatar account surplus to reach 21.6 percent by 2016
10 Sep 2014
(MENAFN) The current account surplus of Qatar is expected to narrow gradually to 21.6 percent of gross domestic product (GDP) by 2016 due to continued strong import demand, Gulf Times reported.
Import growth are also expected to accelerate due to higher investment spending and consumption, while high crude oil prices are expected to assist in sustaining strong hydrocarbon export receipts.
Meanwhile, the fiscal surplus is expected to narrow as capital spending rises and hydrocarbon revenue falls on lower oil prices. Overall, the projected fiscal surplus of 8.5 percent of GDP in 2014-15 is expected to fall to 5.3 percent in 2016-17.
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