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FINANCIAL NEWS
Qatar’s budget required USD54.05b expenditure
17 Dec 2016
(MENAFN) Qatar”s budget for 2017 has earmarked QR93.2bn for major projects in in key sectors such as health, education, infrastructure and transport.
The State Budget estimated revenues of QR170.1bn and an expenditure of QR198.4bn, thus expecting to post a deficit of QR28.3bn.
However, the budget has been based on an oil price assumption of $45 per barrel. Qatar”s fiscal year now begins in January and ends in December.
Also, HE the Minister of Finance said the projected deficit in the 2017 budget was due to “a combination of low energy prices and a period of high development expenditure.”
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