DOHA: Qatar is expected to have a budgetary surplus of QR9.7bn in the current financial year (2010-11), says the Arab Monetary Fund (AMF).

The surplus could even be more because the budget for the current fiscal was based on an oil price of $55 per barrel while the rates in the global markets have so far remained higher.

The AMF says the budgetary surplus in the previous fiscal (2009-10) that ended on March 31 was a huge QR43.5bn. The figure is much more than the initial estimates due to higher oil prices.

The AMF said in a report on the Qatari economy released recently that the budgetary surplus in the previous financial year was 11.7 percent more than that in 2008-09 fiscal.[Read More]