Thursday 24 March 2011

Qatar to boost 2011/12 spending, no bond plans-fin min | Reuters

Qatar will boost its government budget for the new fiscal year 2011/12 but has no immediate plans to issue sovereign bonds, the Gulf Arab state's finance minister said on Wednesday.

The world's top liquefied natural gas exporter, which has so far escaped unrest sweeping through the Arab world, had raised spending by 25 percent in the current fiscal year, helped by robust oil prices and gas output expansion.

"Next week, we will announce the budget. It is bigger than last year's," Youssef Kamal told reporters on the sidelines of a meeting of Gulf policymakers in Doha.

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