Thursday 15 March 2018

Qatar plans for spending restraint, small fiscal surpluses in 2018-2022

Qatar plans for spending restraint, small fiscal surpluses in 2018-2022:

"Qatar’s government will restrain current spending to achieve small budget surpluses and transfer less money to its sovereign wealth fund in coming years if oil and gas prices do not rise, according to the country’s new five-year development plan. The National Development Strategy for 2018-2022, released by Prime Minister Sheikh Abdullah bin Nasser al-Thani on Wednesday, calls for the economy to become more self-reliant in food production and efficient in energy use as it faces a boycott by Saudi Arabia and three other Arab states. The plan says the government will continue spending heavily on infrastructure, including projects related to Qatar’s hosting of the World Cup soccer tournament in 2022."



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