Qatar Budget Surplus Declined in 2019

  • Doha, State of Qatar
  • 1 May 2020

The Qatari Central Bank revealed that the surplus of the general budget during the past year of 2019 reached 6.3 billion riyals, compared to a surplus of 15.1 billion in 2018. The report issued by Qatar’s Central Bank showed a rise in total public revenues in 2019 by about 6.8 billion riyals to reach about 214.7 billion riyals. Total public expenditures in 2019 increased by about 15.6 billion riyals to 208.4 billion riyals, compared to 192.8 billion riyals in 2018. The gross domestic product decreased at current prices by 4.3% to reach the level of 666.8 billion riyals, compared to 696.1 billion riyals in 2018. The GDP was at the level of 167.8 billion riyals in the last quarter of 2019, without a significant change from the rest of the year.

Total bank deposits increased by about 13.9 billion riyals from February to March 2020, reaching the level of 893.4 billion riyals; total deposits were distributed between private sector deposits, public sector deposits, and non-resident deposits. Private sector deposits increased by 11.4 billion to 394.4 billion in March, compared to 383 billion in February and 366.3 billion a year earlier. Public sector deposits increased by about 14.9 billion to 294.8 billion riyals, compared to 279.9 billion riyals in February and 303.8 billion riyals a year earlier in March 2019.

Source (Al-Raya Newspaper-Qatar, Edited)

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