Qatar Sees $2.5 Billion Budget Surplus for Fiscal Year
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Qatar expects a budget surplus of more than 9 billion riyals ($2.5 billion) for the current fiscal year following higher-than-expected oil prices.
Qatari oil fetched $77.1 a barrel on average for the first nine months of the fiscal year compared with a forecasted price of $55 a barrel, the official Qatari News Agency reported today, citing a Finance Ministry statement. The fiscal year in the Gulf Arab state starts April 1.