VOL. XLII
No. 14
5-April-1999
QATAR
Qatar Approves $10/B Based Austerity Budget
Qatar released a QR14.1bn ($3.87bn) 1999-2000 austeritybudget on 25 March containing significant reductions in both projected revenuesand expenditures (14.7% and 9.7% respectively see table below). With aconservative oil price assumption of $10/B ($3 less than the previous year),and in spite of measures to cut expenditures initiated in 1998, the new budgetprojects a 9% increase in the deficit to QR3.6bn ($989mn)....
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!