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FINANCIAL NEWS
Qatar targets $2.6b surplus in 2010-11 budget
31 Mar 2010
(MENAFN) Qatari said Minister of Finance and Economy Yusuf Kamal said that the government expects a surplus of $2.6 billion in the 2010-11 fiscal year, with high oil prices covering the 25-percent increase in spending, QNA reported.
The minister pointed out that the general budget survived the global economic crisis, thanks to conservative financial and monetary policies.
Kamal said the crude oil price was set at $55 per barrel in the budget which generated the $2.6 billion surplus.
The budget also focuses on sustainable development in the social, economic and environmental domains, as well as education and health services, said the minister.
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