No. 30



Qatari Budget For 1996-97 Sees Smaller Deficit

In line with its declared policy of tightening control of Qatar's public finances, the Ministry of Finance, Economy and Commerce is projecting a lower deficit at QR2,950mn ($811mn) in its budget for the year commencing 1 April 1996. Both receipts and expenditures are set to rise by more than the rate of inflation, currently in the 3-4% range. Revenues will increase by 17% and expenditure by 8%, but...