21.01.2015 - No crisis yet for Qatar but fiscal discipline is vital
As Gulf countries are devising strategies to tackle over the 60% plunge in oil prices year-to-date, Qatar may see budget deficit of $5bn-$10bn in 2015 if crude remains at $50 for the entire year, Amwal has said. However, the country, which has the second lowest breakeven oil price among GCC countries after Kuwait, can easily manage the deficit with its huge sovereign wealth fund (SWF) assets and fiscal reserves to support its massive capital spending on infrastructure, according to Amwal...............................................Full Article: Source
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