The combined budget of banks issued by Qatar Central Bank revealed that public sector loans increased to the level of 341 billion riyals during the month of March, while its deposits increased to the level of 294.8 billion riyals. According to the central bank, public sector deposits increased by 14.9 billion to 294.8 billion riyals. These deposits were distributed between 77 billion for the government, 183.4 billion for government institutions, and 34.4 billion for semi-governmental institutions in which the government’s share is equal to 50% or more, and less than 100 percent.
The total of public sector loans from local banks increased by about 3 billion riyals to 341 billion riyals, which included 135.5 billion riyals for the government, a decrease of 10.8 billion riyals from February, 189.9 billion for government institutions, an increase of 12.7 billion riyals, and 15.5 billion for semi-government institutions with an increase of one billion riyals.
In addition to the above, the balance of bonds and government permits increased by 1.6 billion to 161.6 billion. In sum, the total domestic public sector credit (government and institutions), in addition to permits, bonds, and instruments, increased by about 4.6 billion riyals to the level of 502.6 billion riyals.
According to the central bank, local private sector deposits with banks increased by the end of March by about 1.2 billion riyals from the end of February to the level of 371 billion riyals. Total domestic loans and credit facilities provided by banks to the local private sector increased by 9.3 billion to reach the level of 660 billion riyals.
Source (Al-Raya Newspaper-Qatar, Edited)
