The data released by the Planning and Statistics Authority in Qatar showed that government revenues amounted to about 171 billion riyals during 2020, while government spending amounted to about 182 billion riyals.
According to the data, the value of government revenues rose in the fourth quarter of last year to 39.4 billion riyals, compared to about 38.9 billion riyals during the same period of the previous year, while the value of government spending in the fourth quarter of last year amounted to about 46.5 billion riyals.
The data indicated an increase in commercial banks deposits to 660 billion riyals at the end of last year, compared to about 640 billion riyals during the previous year. Loans granted by banks also increased to 1053 billion riyals by the end of 2020, recording an increase of 90 billion riyals, or 10% compared to 2019.
The trade balance of goods, which represents the difference between total exports and total imports, achieved a surplus of 24.7 billion riyals during the fourth quarter of 2020, a decrease of 13.7 billion riyals or 35.7 percent compared to the same quarter of the previous year 2019.
Source (Al-Raya Newspaper-Qatar, Edited)
