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  • 23-03-20

    Qatar's General Government Gross Debt to drop 48 percent

    (MENAFN) According to a new report, as a part of the Qatar's GDP, Qatar's General Government Gross Debt has been expected to decrease to 48 percent this year and 43.1 percent in 2021.


    As said by French multinational investment bank Societe Generale in its recently published economic indicators on Qatar, Qatar's general government debt was likely to have increased to 53.2 percent of GDP in 2019, from 48.6 percent in 2018, as it kept on borrowing in global markets.


    This is regardless of the fact that Qatar's economy began to expand faster after the first quarter of 2019 as government spending increased, particularly with regards to salaries in the public sector, it added.


    This helped improving the economy later in the year, which had showed signs of a slowdown as most main infrastructure and construction projects in relation to the World Cup finish, Societe Generale said.

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