QATAR 

Qatar Postpones State Budget On Accounting System Changes

Qatar is postponing its state budget due to the adoption of a different accounting system, said Minister of Economy and Finance Yusuf Kamal. Qatar’s budget year starts on 1 April, but for its 2012-13 budget it will delay it until the end of May 2012. However, the delay will not exceed the end of June, said Mr Kamal. The change comes as Qatar moves from a ‘traditional’ budget to a ‘programs and...