Mubasher: Qatar’s budget deficit declined 29% year-on-year to QAR 35.4 billion ($9.7 billion) for the full-year 2017, compared to QAR 49.8 billion ($13.7 billion) a year earlier.
Deficit recorded QAR 10.65 billion for the fourth quarter of 2017, compared to QAR 10.5 billion for the same period of the prior year, the Qatar Central Bank (QCB) said in a statement on Monday.
Meanwhile, the public income of the world’s biggest liquefied natural gas (LNG) exporter declined to QAR 160.5 billion over the year ended 31 December 2017, versus QAR 161.18 billion for the same period of the previous year.
Government spending went down 7.2% to QAR 195.7 billion in 2017, from QAR 211 billion in the year before.
