Qatar yesterday joined neighbouring states the UAE and Saudi Arabia in approving a budget aimed at supporting its economy against the pressure of the global financial crisis and low oil prices.
The emirate, the world's largest LNG exporter, forecast expenditure at QR94.5 billion (Dh95.5bn), slightly lower than its record budget of QR95.9bn in the previous fiscal year 2008-09.
But revenues were slashed to a projected QR88.7bn from QR103.3bn due to a steep fall in oil prices and the country's production, according to Qatari newspapers.
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