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FINANCIAL NEWS
Qatar’s fiscal deficit to fall by 5pct of GDP
22 Mar 2017
(MENAFN) Qatar’s financial deficit is predicted to drop to 5 percent of GDP or USD8.7bn this year, while it is predicted to shrink more through 2019 due to growing hydrocarbon receipts.
According to the Samba Financial Group, Qatar’s deficit for the first three quarters of 2016 reached USD9.2bn, or 8.2 percent of GDP.
On the other hand, the country’s debt grew in 2016 as the authorities took advantage of low rates to fund the 2016 budget deficit.
Additionally, the authorities had a notable debt pile from financing the development of the LNG industry and last year they added to it by raising an USD5.5bn syndicated loan.
MENAFN2203201700450000ID1095334316
MENAFN2203201700450000ID1095334316
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