11 Jun 2015
(MENAFN) According to figures by the Qatari Ministry of Development Planning and Statistics, the country is set to record its first budget deficit in fifteen year next year, Arab News reported.
The figures also showed that the Gulf state’s economy will grow by 7.3 percent next year. This was down on the previous estimate of 7.7 percent, but still above growth in 2014 of just over 6 percent.
The figures were released in a statement posted on the ministry’s website. In 2016, Qatar expects to run a fiscal deficit of 4.9 percent of GDP and 3.7 percent the following year, the ministry said.
“The fall in oil prices that began in June 2014 was not anticipated. If they persist, lower oil prices will narrow the government’s fiscal cushion but our considerable financial reserves will provide an ample buffer,” the ministry said.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more