Qatar’s 2011-2012 budget which starts on April 1 is expected to exceed the 2010-2011 target with 40 percent allocated to infrastructure projects, Minister of Finance and Economy H E Yousuf Hussein Kamal said yesterday.
Yousuf Hussein would not put a figure on this increase, saying it was still undecided as discussions were still going on between the Ministry of Economy and Finance and other ministries.
Qatar’s real gross domestic product (GDP) is expected to record 18 percent growth in 2011 if oil prices stand at between $70 and $75 per barrel, but if oil prices exceed $75 per barrel then this growth will be even stronger.
No comments:
Post a Comment