Qatar: Selected Issues
April 10, 2017
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This Selected Issues paper discusses measures required to enhance nonhydrocarbon revenue to support fiscal consolidation in Qatar. Qatar depends heavily on the hydrocarbon sector for exports and revenue receipts. The authorities have embarked on fiscal consolidation, underpinned by cuts to current expenditures and enhanced efforts to raise additional revenue. Safeguarding Qatar’s wealth to ensure intergenerational equity and ensure adequate resources for the implementation of the second National Development Strategy would entail increased mobilization of nonhydrocarbon revenue in the near to medium term. Exploring other sources of tax revenue to diversify the government revenue structure and build a stable tax revenue base is also critical.
Subject: Asset and liability management, Banking, Corporate income tax, Liquidity, Liquidity management, Oil prices, Prices, Revenue administration, Taxes
Keywords: bank, banking liquidity implication, Corporate income tax, corporate tax revenue from company, corporate tax tax revenue, coverage ratio, CR, envisaged tax revenue measure, GCC company, GCC country, GCC tax paper, Global, hydrocarbon revenue, ISCR, Liquidity, liquidity management, Liquidity management, liquidity pressure, Oil prices, oil-price shock, price, revenue side, T-bills auction, tax rate, three-six-nine-month T-bills
Pages:
33
Volume:
2017
DOI:
Issue:
089
Series:
Country Report No. 2017/089
Stock No:
1QATEA2017002
ISBN:
9781475593525
ISSN:
1934-7685
