World Economy

Qatar Debt to Reduce

Qatar Debt to ReduceQatar Debt to Reduce

Qatar’s fiscal space ought to improve on rebound in oil prices and proposed introduction of value added tax, thus avoiding a dip into reserves, and will also see gradual debt reduction ahead, according to BMI Research, a part of Fitch group, Zawya reported. “We believe Qatar’s fiscal balance will swing back into surplus in 2018 as VAT is introduced and energy prices continue to strengthen, facilitating a gradual reduction in debt levels—which currently stand at around 53% of GDP,” BMI said. Qatar’s budget deficit would narrow to 1.1% of GDP in 2017 as higher hydrocarbon prices increase  overnment earnings and measures to diversify state revenue are implemented, it said.

Add new comment

Read our comment policy before posting your viewpoints