Qatar to base budget on $40 oil price
Qatar Qatar, an OPEC member, is the world’s foremost exporter of LNG.
The government used a benchmark of USD 55 for its 2020 budget.
Setting the benchmark below expected prices will “avoid negative economic consequences due to oil-price volatility,” the emir said.
H.H. Sheikh Al Thani also revealed that by early indications the country had incurred a budget deficit of only USD 406 million for H1 2020, a figure much lower than expected.
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