VOL. XXXII

NO. 26

3-APRIL-1989

Financial and Banking News

BUDGETS AND REVENUES

Qatar Trims Spending and Budget Deficit

The State of Qatar last week announced details of its budget for the fiscalyear beginning 1 April, which reduces expenditure and the budget deficit by some8% compared with the budget for the previous year. The Amiri decree which waspromulgated last week also changed the country's financial year from a lunaryear to a Gregorian basis, and all future budgets will begin on 1 April.

The...