Complex Made Simple

Qatar’s budget surplus falls to 2.9% of GDP

Official data has shown that Qatar's government budget surplus fell to 2.9% of its economic output in fiscal 2010/11 as spending jumped, while inflation edged up slightly to at least a 19-month high in July, Reuters has reported. Qatar's central bank has said in an annual report that the Gulf state's fiscal surplus declined to QR13.5bn ($3.7bn) from 54.1bn, or 15.2% of gross domestic product, in 2009/10.