The latest data from the Qatar Central Bank (QCB) shows that the emirate accrued a budget surplus of $3.1bn over the first nine months of 2019. The figures point towards a full year surplus of $3.5-$4.1bn.
Certainly, absent a severe downturn in 4Q 2019, Qatar ought to have easily outperformed its 2019 budget projections which pointed to a much more modest $1.2bn surplus (MEES, 1 February 2019). This is primarily due to the revenue side of the ledger, which looks set to have been around $2bn more than budgeted. (CONTINUED - 309 WORDS)