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Volume :24 Issue : 1 1996      Add To Cart                                                                    Download

Problematic nature of the public budget in the State Of Qatar

Auther : Ali Khalifa AL –Kuwari

This paper considers that the permanent deficit faced by Qatar’s public budget since 1986 is of a problematic nature rather than being an ordinary physical problem . to clarify this , the paper goes back to the early 1950s,when the public budget in Qatar was initiated and assigned the role of channeling oil revenues and  re-distributing oil-generated income . the paper also examines the growth , structure and functions of the public budget over decades of the oil era in Qatar . the researcher found an overdependence on oil revenues ( since about 95% of the total public revenue is oil-derived ) , as well as al most total dependency on public expenditure by both the society  and the economy . thus , when oil prices dropped sharply in 1986 and onward , the government had to draw on its foreign investments to bridge the gap between revenues and expenditures ;  in the end , the government had to borrow to cover  the public budget deficit. Nevertheless , the crises still remains , and the public budget faces at present conflicting factors . some of these factors are weakening the potential for financing and reducing revenues; yet, others are increasing the demand for public expenditures upon which the society and the economy in Qatar are heavily dependent . 

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