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FINANCIAL NEWS
Qatar revamps its budget for 2016 amid global turmoil
10 Dec 2015
(MENAFN) Qatar plans to integrate a more conservative break-even oil price to base its budget on, with the aim of preparing the country for the worst outcomes.
According to officials, Qatar’s 2016 budget is indeed in its final phases of planning and will be presented soon, considering the thorough preparation it required.
Moreover, the nation’s huge financial assets will indeed give a sizable buffer, although the low oil prices’ crisis may somewhat impact its government revenues.
“Despite the oil price shock, real GDP growth in Qatar will likely remain relatively strong over the next two years,” stated the VP-senior analyst at Moody’s.
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