Financial and Banking News
BUDGETS AND REVENUES
Qatari Deficit to Grow 12%, Totals $3.9bn since 1986
Qatar's state budget for its fiscal year 1408/09 (1988/89) includes a 12%increase in its deficit to nearly $1.7bn, which brings the cumulative governmentdeficit since 1986 up to $3.9bn.
The budget for the year starting 18 February forecasts a 6.1% decline ingovernment revenues (essentially comprising oil revenue) to QR6,336mn ($1.74bn)and a 1.8% increase in...