| Kippreport.com

Qatar 2010/11 budget surplus shrinks to 2.9 pct/GDP

August 23, 2011 1:03 by p.deleon

REUTERS

Qatar’s government budget surplus shrank to 13.5 billion riyals ($3.7 billion), or 2.9 percent of economic output, in the 2010/11 fiscal year, the OPEC member’s central bank report showed on Tuesday.

The Gulf Arab country’s budget surplus stood at 54.1 billion riyals, or 15.2 percent of gross domestic product in 2009/10. Expenditures jumped 24 percent to 142.4 billion riyals in the fiscal year, which ended in March 2011, while revenue decreased by 8 percent to 155.9 billion riyals, the report showed.             (Reporting by Martin Dokoupil; Editing by Martina Fuchs)