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FINANCIAL NEWS
Qatar’s budget deficit for 2017 to drop
02 Jan 2017
(MENAFN) Qatar’s budget for the new fiscal emphasizes intent to cut the government deficit, while also helping increase through higher capital spending.
Accordingly, the country’s budget proposal noted the budget for 2017 is committed to reduce planned deficit by 38.9 percent from QR46.5bn in 2016 to QR28.4b in 2017.
Additionally, profits are predicted to increase by 9.0 percent this year compared to last year”s budget, while the revenue projection is based on oil assumption.
However, on the spending side, the budget predicts a decline of 2.0 percent relative to the 2016 budget but the composition of spending will change.
M
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