VOL. XLVI

No 15

14-April-2003

QATAR

Qatar Hikes Capital Spending By 40% In Expansionary 2003-04 Budget

In the 2003-04 budget passed on 29 March, the Qatari government increased its overall spending by 16.4% from the previous year to QR23.3bn ($6.4bn) with a particularly large 40% increase seen in capital expenditure which climbed to QR6.2bn ($1.7bn). This continues the emphasis in the new budget (1 April 2003 to 31 March 2004) on allocations for major public projects. Total revenues increased by...