Financial and Banking New
BUDGET AND REVENUES
Qatari Budget Deficit Increases, Revenues Fall
Projected revenues for the current Qatari fiscal year, which began on 22 March, have been cut back by 18.6% to QR9,737mn ($2,675mn), according to the budget released last week. State expenditure has also been cut back, by 7.9% to QR15,607mn ($4,288mn), but this is a cosmetic reduction as it excludes a further QR1,440mn ($396mn) of expenditure by other state organizations. The budget deficit...