Qatar has no need to sell bonds after first quarter surplus, says finance minister
Published 22 Jun,2021 via Arab News - Economy DOHA - Qatar has no need to tap bond markets for budget-balancing reasons after a better than expected oil price boosted its revenues, Finance Minister Ali Al-Kuwari said.
He told Bloomberg TV that the country would only consider raising fresh debt for opportunistic reasons such as attractive yields.
“When we did the budget we ran very conservative numbers (based on) $40 oil and the expectation was around 34 billion Qatari riyals of deficit for the year however we had an excellent first quarter and oil prices moved in the right direction,” he said.
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