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Annual Reports

Quest

National Budget

Key Macroeconomic indicators
  • Real GDP contraction of 6.8 percent is estimated for 2020
  • A fiscal deficit of $16.772 billion (11 percent of GDP) is estimated for 2020
  • The debt-to-GDP ratio for 2020 is 80.7 percent
  • Expenditure in fiscal year 2021 is based on an oil price of US$45.00 per barrel and a gas price of US$3.00 per MMBtu
  • Total Revenue for the fiscal year 2021 is expected to be $41.364 billion. Expenditure for 2021 is expected to measure $49.573 billion
  • A fiscal deficit of $8.209 billion (5.6 percent of GDP) is projected for 2021

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