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FINANCIAL NEWS
Qatar’s govt to spend more next year
24 Mar 2011
(MENAFN) Qatar’s finance minister, Youssef Kamal, said that the budget allocated for the government in the coming fiscal year would get a lift, however, he said that plans do not include at this time any sovereign bonds issuance, reported Reuters.
Kamal said that the new budget would be announced by the end of March.
Kamal added that spending in the current fiscal year increased by 25 percent due to the growing gas production as well as the increase in global oil prices.
It is worth noting that Qatar had given subsidies worth millions of dollars in the recent months, in response to the fever of revolution that is sweeping the Arab world.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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