DEBT DIP

Qatar Today - - AFFAIRS -

Qatar's public debt de­clined to 32% of GDP in 2013, as the gov­ern­ment-is­sued bonds and sukuk ma­tured. Debt is­suance, how­ever, in the form of T-bills and bonds con­tin­ues apace as the au­thor­i­ties man­age liq­uid­ity and fur­ther de­velop the do­mes­tic debt mar­ket.

Qatar's cur­rent ac­count sur­plus, while still large by in­ter­na­tional stan­dards at an es­ti­mated 27.6% of GDP in 2014, is pro­jected to nar­row to 21.2% of GDP in 2015 and 16.6% of GDP in 2016 due to a com­bi­na­tion of plateau­ing LNG and crude oil ex­ports, softer en­ergy prices and ris­ing im­ports. While ex­port growth is ex­pected to level off, the com­mis­sion­ing of the Barzan fa­cil­ity should pro­vide some in­crease in ex­ports of prod­ucts as­so­ci­ated with gas pro­duc­tion such as LPG and petro­chem­i­cals.

Newspapers in English

Newspapers from Qatar

© PressReader. All rights reserved.