Qatar's public debt to surpass 31 percent of GDP

(MENAFN) Qatar's public debt will rise more than 31 percent of GDP, with revenues impacted by lower energy prices, while fiscal balance reached 7.7 percent last year.

Moreover, the country's gas output will increase in 2017 once the Barzan facility is on line, but LNG prices are down -38 percent yearly at USD 8mn.

Accordingly, in 2015 price gains slowed from 43 percent to a low of 14 percent, while annual population growth of 9 percent to 2.5mn has been driven by labor needs of development plan.

In addition, robust credit growth of 17.5 percent year-on-year in Feb was due to increased lending to the public and real estate sectors, while deposit growth slowed to 6.2 Pct.