Tuesday 29 May 2012

UPDATE 1-Qatar plans to boost spending by 27 pct in 2012/13 - Yahoo! News Maktoob

Qatar plans to boost government spending by 27 percent in the fiscal year that began in April, including wages, social services and infrastructure, but it expects to see a comfortable surplus, state news agency QNA reported.
Tuesday's report comes amid concerns over safety standards in the Gulf Arab state after fires broke out at an aviation college and a girls' school on Tuesday following the deaths of at least 19 foreign nationals in a blaze at an upscale shopping mall on Monday.
Qatar, the world's top liquefied natural gas (LNG) exporter, projects record high expenditures of 178 billion riyals ($49 billion) for the fiscal year, above the 140 billion planned for 2011/12.

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