Qatar reports $1 bln budget surplus for 2nd quarter

Qatar reports $1 bln budget surplus for 2nd quarter

Qatar's budget surplus in the second quarter of the year stood at 3.8 billion riyals ($1.04 billion), the finance ministry said on Thursday.

The world's largest exporter of liquefied natural gas (LNG) generated 50.1 billion riyals in revenues in April-June, driven by higher-than-budgeted oil prices, and the collection of corporate income tax in April 2021, the ministry said in a statement.

Spending stood at 46.2 billion riyals over the three months to June 30, it said.