Qatar Forecasts Budget Surplus at 23% of Spending in 2012-13

Qatar, the world’s biggest exporter of liquefied natural gas, forecast its budget surplus at 23 percent of expenditure in fiscal 2012-2013 compared with 16 percent in the previous year.

The budget surplus represents 8 percent of gross domestic product compared with 6.7 percent in the previous year’s budget, the state-run Qatar News Agency reported. Revenue will increase 27 percent and expenditure will rise 28 percent, QNA said.