Qatar government spending growth slows sharply in 2012/13 | Reuters:
"* Spending up 2.2 pct at record 178 bln riyals
* Govt undershoots spending plan for first time since 1990
* Revenue jumps 24.7 pct to 277 bln riyals
* Surplus more than doubles to record 99 bln riyals
* Plans to raise spending to 211 billion riyals this year
By Martin Dokoupil
DUBAI, Aug 19 (Reuters) - Qatar's government spending rose 2.2 percent to a record 178.2 billion riyals ($48.9 billion) in its last fiscal year, slowing sharply from double-digit increases seen in the previous decade, official data showed.
It was the first time that the government's annual spending undershot its budget plan since 1990 - a sign of the difficulties which Qatar is having in pushing forward huge and complex infrastructure projects.
Some big projects, such as a new airport, have been delayed by difficulties in planning, coordination and arranging the necessary resources for them, as well as by bureaucratic obstacles. So the government has so far ended up spending less than it aimed to spend."
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