CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: PROF. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Year-on-Year jump in public sector deposit

Published: 19 Dec 2017 - 10:51 am | Last Updated: 14 Nov 2021 - 06:56 pm

The Peninsula

Public sector deposits in banks  recorded an annual increase of 67.8 percent in October. On month-on-month, the deposits dropped to QR298.4 from the previous month’s QR352.4bn, according to Ministry of Development Planning and Statistics (MDPS).

Total money supply (M2) recorded about QR578.4bn in October, a year-on-year increase of  18.3 percent. Cash equivalents (including deposits) reached QR794.3bn.

The demographic statistics showed that the total population of Qatar has increased from 2.61 million during October 2016 to more than 2.67 million at end of October 2017, registering an annual increase of 2.2 percent.

The month of October  witnessed a significant decrease in number of Social Security beneficiaries, from 14220 in September to 14,050 individuals.

The Ministry data suggests that the total electricity utilisation value during October 2017 was 3973.1 GWh, showing  a 9.4 percent decrease, compared to the previous month. The total value of water consumption has 5.4 percent as compared with September 2016. The month of October witnessed 81.8 percent increase in building permits, compared to the previous month.