Increase in Government and Public Sector Deposits in Qatar

  • Doha, State of Qatar
  • 26 July 2022
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The consolidated budget of banks issued by the Qatar Central Bank showed an increase in total government and public sector deposits by about 22.5 billion riyals, to a level of 329.4 billion riyals during June 2022, while its loans rose by about 0.9 billion riyals to a level of 364.6 billion riyals.

According to the data, government and public sector deposits increased by 22.6 billion riyals to 329.4 billion riyals, distributed between 103.9 billion riyals for the government, 178 billion riyals for government institutions, and 47.5 billion riyals for semi-governmental institutions in which the government share equals 50 percent or more, less than 100 percent.

On the other hand, the total government and public sector loans from local banks increased by about 0.9 billion riyals to 364.6 billion riyals. The loans were distributed as follows: Government: 125 billion riyals, a decrease of 0.2 billion riyals, government institutions: 220.2 billion riyals, an increase of 0.6 billion, and semi-governmental institutions: 19.44 billion riyals, an increase of 0.5 billion.

The total local private sector deposits with banks decreased by 1.3 billion riyals to the level of 431.9 billion riyals. As for the assets side, bank balances with banks outside Qatar rose by about QR 6.2 billion to reach QR 123.7 billion.

Source (Al-Raya Qatari Newspaper, Edited)