VOL. XLV

No 14

8-April-2002

QATAR

Qatar Unveils FY2002-03 Budget With14% Rise In Spending To $5.5Bn

Qatars Crown Prince, Jasim bin Hamad bin Khalifah Al Thani, approved by Royal Decree on 27 March the countrysfiscal year 2002-03 budget to take effect immediately (Qatars fiscal yearstarts on 1 April and ends on 31 March) with a 14% rise in spending to QR20bn($5.49bn) and a projected 0.83% increase in revenues to QR18.2bn ($5bn seeTable 1 below). The budget is based on a typically conservative...