Wednesday, April 3, 2013

Qatar spending may fall after 2017


Qatar's government budget spending is expected to stay at about this year's level until 2017, after which it could drop, Qatari Finance and Economy Minister Youssef Kamal said on Tuesday.

Qatar plans to boost government spending by 18 percent to 210.6 billion riyals ($57.8 billion) in the 2013/14 fiscal year that began on Monday, as it steps up a big infrastructure building programme.

"The budget of course until the year 2015 or 2017 will be the same level, but later on it could go down again because most of the infrastructure would be completed at that time," said Kamal, speaking to reporters at a meeting of Arab
finance ministers and central bankers in Dubai.

Read more: http://www.reuters.com/article/2013/04/02/qatar-finance-budget-idUSL5N0CP14S20130402

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