Qatar state spending grew 12.7% | Qatar state spending grew 12.7% -
doha-skyline

Qatar state spending grew 12.7%

: Wednesday, July 30 - 2014 @ 16:29

According to figures released by the Qatari central bank, the country’s state spending grew 12.7% last fiscal year, the lowest rate in 11 years, as slow growth in current expenditure offset a sharp rise in funds spent on infrastructure projects, Reuters has reported. Expenditure rose to a record high of QR231.7bn ($63.6bn) in the year that ended in March, from QR205.6bn in 2012/13. Current expenditure rose 6% to QR163.2bn in 2013/14, a sharp slowdown from a 24.4% jump in each of the previous two years, because of a drop in interest payments and spending on supplies and services, the data showed.

Today's Top Stories

Posted by

Wednesday, July 30- 2014 @ 16:29 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

AME Info Services







Business DirectoryVIEW ALL

Search by name

Search by industry

Browse alphabetically





JobsVIEW ALL

Search for jobs

Latest Jobs