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...
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