NO. 26


Financial and Banking News

Budgets & Revenues

Qatar Projects Higher Revenues and Reduced Deficit

The State of Qatar has announced its budget for the financial year 1990/91,beginning on 1 April, which forecasts a 33% increase in revenues and a 2.0%increase in expenditure. The result will be a deficit of QR3,923mn, sharplydown on the QR5,648mn projected for the financial year 1989/90. However, thebudget picture is confused by the appearance of so-called...