VOL. XLIV

No. 02

8-January-2001

QATAR

Qatar Records Reduced Budget Deficit In FY1999-2000

According to figures released recently by the Qatar Central Bank (QCB), the actual outcome for the 1999-2000 fiscal year (beginning 1 April and ending 31 March) was significantly better than originally projected. In its most recent annual report (1999), the QCB shows that higher oil prices resulted in a fiscal deficit of only QR255mn ($70mn), much less than the projected QR3,603mn ($990mn MEES, 17 April,...