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- Doha Bank named 'Best Bank in Qatar' at MEED MENA Banking Excellence Awards
- QCB's international reserves and foreign currency liquidity jump 3.5% year-on-year in June
- QSE treads flat path despite gains in four of seven sectors
- Air Arabia launches new direct flights to Sialkot in Pakistan
- SAB named best bank in Saudi Arabia for 2025 by Euromoney
- China's economy will exceed $19.5tn in 2025: State planner
- Mekdam Holding completes US patent registration
- Oman's first energy transition fund launched
- New Chapter for Saudi Real Estate Market as Foreign Ownership Allowed
- Dukhan Bank net profit up 3.5% to QR811.3m in H1
30/03/2009 00:00 AST
Qatar is likely to post a slight deficit in the 2009-2010 fiscal year and will base its annual budget on an oil price of $40 a barrel, an official said.
"We expect a slight deficit, one that is acceptable in light of the current economic crisis," Mohammed Ajaj Al-Kubaisi, rapporteur of the financial and economic committee of Qatars Advisory Council told Reuters.
Opec member Qatars fiscal year begins on April 1.
The budget still requires the approval of Qatars Emir before it takes affect, Al-Kubaisi said.
Qatar, the worlds biggest exporter of liquefied natural gas, based its budget that ends March 31 on an oil price of $55 a barrel.
Reuters
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