Qatar spending jumped 33% in first half of 2013 | GulfNews.com

Qatar spending jumped 33% in first half of 2013 | GulfNews.com:



"Qatar’s government spending rose nearly 33 per cent to 93.2 billion riyals ($25.6 billion, Dh94.02 billion) in the first half of this fiscal year, speeding up after a slow start to soccer World Cup 2022 projects, data showed on Thursday.



Expenditure in April-September accounts for a little over 44 per cent of the record 210.6 billion riyals Qatar plans to spend in the 2013-14 fiscal year.



The rate of increase compared with the same period a year ago is the fastest since at least 2008, preliminary finance ministry data released by the central bank showed.



The world’s top liquefied natural gas (LNG) exporter spent 70.3 billion riyals in the same period of the previous 2012-13 fiscal year. Qatar’s fiscal year ends in March."



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