Qatar to Scrap Fuel Subsidies in May as Decade of Surplus Ends

  • IMF says country heading for deficit of 2.7 percent in 2016
  • Move follows 30 percent increase in gasoline prices in January

Qatar will scrap gasoline and diesel subsidies next month as the world’s richest nation per capita is set to plunge into deficit this year after more than a decade of budget surpluses.

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