Financial and Banking News
BUDGETS AND REVENUES
Qatari Budget Restrains Current Costs And Lifts Project Spending
The Qatari budget for the financial year 1993/94 (which began on 1 April)forecasts a 5.5% increase in spending, most of which will go to capitalprojects. Revenues are projected to increase by 8% leaving a deficit, beforeoff- balance sheet items, of QR2,703mn ($743mn). The budget was published in anAmiri decree issued on 21 April. The deficit will be...