VOL. XLVII

No 14

05-April-2004

QATAR

BUDGETS AND REVENUES

Qatars Budget Deficit Rises 25% In 2004-05 As Rising Expenditures Outstrip Revenues

Qatars Amir, Shaikh Hamad bin Khalifa Al Thani, on 28 March approved the Gulf states budget for financial year 2004-05 (1 April 31 March), forecasting a strong rise in both expenditure and revenues, and an increase in the forecast deficit compared to 2003-04. Expenditure is set to rise 21.6% to QR28.4bn ($7.8bn), outstripping the rise in revenues which are...