IMF Staff Country Reports

Qatar: Staff Report for the 2011 Article IV Consultation

Publication Date:

January 31, 2012

Electronic Access:

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Summary:

This 2011 Article IV Consultation highlights that Qatar is using its fiscal space, generated from an increase in hydrocarbon production and prices, to implement a large public spending program. Large infrastructure investments are expected to sustain strong growth of 9 percent to 10 percent in the nonhydrocarbon sector in the medium term. The potential inflationary effect of the recent fiscal package is estimated to be about 1 percentage point. This underscores the need for fiscal policy to monitor aggregate demand and for the Qatar Central Bank to manage liquidity.

Series:

Country Report No. 2012/018

Subject:

Banking Commercial banks Expenditure External debt Financial institutions Fiscal policy Fiscal stance Public debt