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.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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