Qatar forecast to run first budget deficit in more than a decade
After enjoying years of record-breaking surpluses, Qatar will likely see budget deficits this year and beyond as government spending looks set to outpace revenues, a new report has found.
That means the nation will face more pressure to reduce spending on projects and programs unrelated to the 2022 World Cup.
Qatar is not alone in that government revenues around the Gulf have taken a hit from falling oil prices, which influence the price of natural gas.
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Source News: Doha News
Photo: Ameer Abdul Razak/Flickr
