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Qatar allocates 16.8 percent more for project development

31 Mar 2014

(MENAFN) Experts say that the 16.8 percent increase in Qatar’s budgetary allocation to the implementation of key development projects will have no inflationary pressure, The Peninsula Qatar reported.

The government has allocated USD24 billion to the completion and implementation of key development projects, a figure 16.8 percent higher than that of last year.

Experts believe that the increase would stimulate the economic growth pace and have an effect on creating more opportunities for investments and employment.

The Director General of Qatar Chamber said: “I strongly believe that the monetary and fiscal policies, with the close cooperation of Qatar Central Bank, will be able to control any inflationary pressure, price rise, if any, very effectively.”

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