08 Feb 2013
(MENAFN) Qatar’s central bank said that in the July-September period, the government’s budget posted a surplus of USD26 billion, up from USD11.58 billion a year earlier, reported Arabian Business.
The surplus is equal to 53.9 percent of the government’s 2012/13 fiscal year’s second quarter gross domestic product (GDP).
Spending jumped by around 14 percent, reaching USD11.19 billion, whereas revenue surged 74 percent to USD37.13 billion, with revenue from oil and gas accounting for nearly 70 percent of the budget income.
Qatar said that it would raise expenditure to USD49 billion in the current fiscal year, including wages, services and projects.
Meanwhile, the emirate forecasts to post a surplus of USD7.62 billion in the year.
It is worth noting that the world’s top liquefied natural gas (LNG) exporter increased basic salaries and social benefits for state civilian employees by 60 percent in September 2011, and raised salaries for military staff by between 50-120 percent.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
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