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Qatar: Emir approves 2018 spending rise amid trade boycott

Emir Sheikh Tamim Bin Hamad Al-Thani on 13 December endorsed the under-pressure emirate’s budget for the coming year. The 2018 budget is based on an average oil price of $45 a barrel – which is well below current market rates – and includes expenditure of QR203.2bn ($55bn) and revenues of QR175.1bn. The QR28.1bn deficit was down fractionally from the QR28.4bn overshoot for 2017.

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