question archive In 2013, the government of Qatar received $76
In 2013, the government of Qatar received $76
Subject:EconomicsPrice:2.88 Bought3
In 2013, the government of Qatar received $76.22 billion in tax revenue, while spending $51.53 billion. Ignoring interest payments on past debt and transfers, how much did the government borrow in 2013? (in billions, round to two decimal places)
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Here, the tax revenue = $76.22 billion
Government spending = $51.53 billion
Budget surplus = $76.22 - $51.53 = $24.69 billion
Since the the government of Qatar in 2013 has a surplus budget, there is no need for borrowing.
