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Monday, February 06, 2012 22:29 GMT
Qatar's intention to reduce its fiscal dependency on the hydrocarbon sector will take considerable amount of time. The recent increases in its current expenditures and the large public sector salary and pension increase for Qataris mean that the country needs to take more efforts to achieve its goal to fully finance the budget from non-hydrocarbon revenues and returns from Qatar Investment Authority's (QIA) investments by 2020. The International Monetary Fund (IMF) noted in its latest country...More