NO. 37


Financial and Banking News

Budgets & Revenues

Qatar To Maintain Project Spending Despite Budget Cutbacks

The Qatari budget for the year to 31 March 1995 projects a 9.5% cut inexpenditure, most of which will come from current account spending. Revenuesare expected to be 19% lower than last year, resulting in a much higher budgetdeficit. The Emiri decree, dated 1 June, which announced the budget gave noindication of how the deficit would be financed, but in recent...