BUDGETS AND REVENUES
Qatars 2003-04 Budget Based On $17/B Oil Price
Qatars 2003-04 budget, which was passed on 29 March was based on a conservative $17/B oil price, compared to $16/B in 2002-03. While closed accounts for 2002-03 are not yet available, the actual Qatari oil price was $26.76/B, which is much higher than the budgeted $16/B, giving a QR3bn ($824mn) surplus, according to banking source estimates. The MEES 14 April budget report stated a value of...