NO. 29


Financial and Banking News

Budgets & Revenues

Qatari Budget Pegs Expenditure but Forecasts Rise in Revenues

The Qatari budget for the financial year 1991/92 (beginning on 1 April 1991)has pegged expenditure at the level of the previous year, but is forecasting an8% increase in revenues. As a result the deficit is due to fall to QR3,268mn,compared to a budgeted deficit of QR3,923mn in 1990/91. However, for the secondyear running, the size of the deficit has been...