NO. 30


Financial and Banking News

Budgets & Revenues

Qatari Budget Sees Big Rise in Capital Spending but Pegs Recurrent Costs

The Qatari budget for the financial year 1992/93 (which began on 1 April1992) is projecting a 6% increase in spending, with most of the increase goingon infrastructural projects. Allocations for capital projects are up by 21%,while current expenditure is almost the same as last year. Revenues are set toincrease by 14%. As a result, the deficit,...