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Qatar budget surplus set to rise to 12.6%

Qatar's General Secretariat for Development Planning has said the government budget surplus in 2011 should climb to 12.6% of economic output from a revised surplus of 4.1% in the previous fiscal year, Reuters has reported. The country's development planning authority also said the fiscal surplus is expected to fall to 7.8% of gross domestic product in 2012. The Gulf country's fiscal year starts in April.