Qatar’s total public debt has reached QR464.4bn in April, up QR27.2bn, from the previous month. This includes the issuance by government, government institutions, quasi-governmental institutions, bills and bonds.
The balance of Qatar Government bonds and bills with banks increased QR24bn to reach the level of QR142.8bn during the month, The Group Securities noted in its reading of Qatar Central Bank (QCB) data.
The Group analysts who focus on explaining changes in the position of the QCB, the government, public sector and private sector in its reading, stated Qatar banks’ assets (and liabilities) increased by the end of April by QR25.6bn to QR1.30trillion, compared with QR1.28bn by the end of March.
The banks’ total deposits at QCB increased byQR3.5bn to QR46.8bn. The breakdown shows QR35.1bn as the obligatory reserve balance. This reserve is set by QCB at the rate of 4.75 percent of the total customers' deposits at each bank. The obligatory reserve is deposited permanently and with no interest.
Government and public sector deposits in Qatar banks increased by around QR21.9bn to reach the level of QR209.9bn, broken down as QR81.8bn for government; QR99.5bn for government institutions; and QR28.6bn for semi-governmental institutions, in which government share is less than 100 percent and more than 50 percent. On the other hand, government and the public sector's total loans increased about QR16.5bn to reach QR321.6bn. While Government loans stood at QR167bn, up by QR 17.9bn compared with March, government institutions’ total loan touched QR141.5bn, up QR1bn. Semi-governmental institutions’ loan reached QR13.6bn, up QR0.5bn.
The balance of Qatar Government bonds and bills with banks increased QR 24bn to reach the level of QR 142.8bn. The total domestic public debt (government, government institutions, quasi-governmental institutions, bills and bonds) increased QR 27.2bn to reach the level of QR 464.4bn.
The total domestic private sector deposits at local banks, by the end of March, increased by QR6.2bn to reach QR370.5bn; in addition to deposits worth QR10.5bn by non-banking financial institutions. Total domestic loans and credit facilities provided by banks to the local private sector increased by QR0.1bn to QR439.1bn.
