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Qatar 2012/13 Budget To Be Bigger

Qatar 2012/13 Budget To Be Bigger

In its 2011/12 budget, the world's top liquefied natural gas exporter originally planned spending worth 139.9 billion riyals ($38.4 billion) and a surplus of 22.5 billion riyals, or 3.6 percent of the 2011 gross domestic product.

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May 6, 2012 4:05 by



Qatar’s government budget for the new fiscal year will be bigger than the previous one and inflation should move between 2 and 3 percent this year, finance and economy minister Youssef Kamal said on Sunday.

“It will be bigger,” Kamal told reporters on the sidelines of a conference, without giving details.

In its 2011/12 budget, the world’s top liquefied natural gas exporter originally planned spending worth 139.9 billion riyals ($38.4 billion) and a surplus of 22.5 billion riyals, or 3.6 percent of the 2011 gross domestic product.

Qatar’s 2012/13 fiscal year started in April. Kamal said the government would release its budget plan by the end of May.



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