VOL. XLI

No. 15

13-April-1998

QATAR

Qatari Budget Sees Spending And Income Fall, But Deficit Rises

Qatar has revised down total revenues and expenditures in its budget for the financialyear 1998-99 starting on 1 April, but the result is a higher deficit of QR3,306mn($908mn), up 11% on the projection for 1997-98. Total revenues are set to fall by 8% toQR12,354mn ($3,394mn) and expenditure is booked to decrease by 4% to QR15,660mn($4,302mn). Capital spending has been cut dramatically to its...