## Qatar: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Qatar

_IMF Staff Country Reports, January 8, 2008_

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**Canonical URL:** [Qatar: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Qatar](https://www.imf.org/en/publications/cr/issues/2016/12/31/qatar-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-on-21576)

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## Bibliographic details
- Published: January 8, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832617.002

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### Fiscal position and public revenue
- Budget revenue in FY2006/07 amounted to 42 percent of GDP.
- Hydrocarbon revenue mirrored rising oil prices.

### External sector
- The current account recorded a surplus of about 31 percent of GDP in 2006.

### Monetary conditions and inflation
- Monetary conditions were characterized by ample liquidity and strong credit growth.
- As of June 2007, annualized inflation was estimated to have risen to 13 percent, compared with 12 percent during 2006.

### Medium-term outlook (2008–12)
- Qatar’s medium-term (2008–12) outlook is favorable.

### Financial sector reform challenge
- Designing a credible transition plan to implement the vision of a single financial market will be challenging.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/qatar-2007-article-iv-consultation-staff-report-staff-statement-public-information-notice-on-21576_