Reuters: US Dollar Report: Qatar plans to spend $49 billion in 2012/13 - QNA

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Qatar plans to spend $49 billion in 2012/13 - QNA May 29th 2012, 07:19 DUBAI | Tue May 29, 2012 3:19am EDT DUBAI May 29 (Reuters) - Qatar set its budget with expenditures of 178 billion riyals ($49 billion) for the new fiscal year of 2012/13 and revenue of 206 billion riyals, the state news agency QNA reported. The world's top liquefied natural gas (LNG) exporter projects a surplus of 28 billion riyals for the fiscal year, which started in April. The new budget is based on an oil price of $65 per barrel. The Gulf Arab country planned to spend 140 billion riyals in the previous fiscal year of 2011/12, expecting a surplus of 23 billion based on an assumed oil price of $55 per barrel.

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