VOL. XXX

NO. 22

9-MARCH-1987

Financial and Banking News

BUDGETS AND REVENUES

Qatar Plans Deep Spending Cuts

The budget for Qatar's fiscal year which began on 1 March cuts thegovernment's spending by 21.7% and incorporates a reduction in currentexpenditure for the first time. The budget for the year 1407/08 AH commencing on1 Rajab (1 March 1987 to mid-February 1988) was passed by Amiri decree andannounced by the Qatari Minister of Finance and Petroleum, Shaikh 'Abd al-'Azizibn Khalifa al-Thani, who...