DOHA, Dec 9 (Reuters) - Qatar will use a more conservative break-even oil price to base its budget on than the previously-used $65 a barrel, the country's finance minister said on Wednesday.
Ali Sherif al-Emadi did not elaborate further on the price, but said Qatar's 2016 budget was in the final stages of preparation and will be presented soon.
Qatar's upcoming budget is being closely watched for the impact that lower hydrocarbon prices will have on state spending as the country continues development and preparations for the 2022 World Cup.
It will also be the country's first new budget in almost two years after it moved its fiscal year to Dec. 31 from Mar. 31 earlier this year.
(Reporting by Tom Arnold and Tom Finn; Writing by David French; Editing by Andrew Heavens) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
Keywords: QATAR BUDGET/
Ali Sherif al-Emadi did not elaborate further on the price, but said Qatar's 2016 budget was in the final stages of preparation and will be presented soon.
Qatar's upcoming budget is being closely watched for the impact that lower hydrocarbon prices will have on state spending as the country continues development and preparations for the 2022 World Cup.
It will also be the country's first new budget in almost two years after it moved its fiscal year to Dec. 31 from Mar. 31 earlier this year.
(Reporting by Tom Arnold and Tom Finn; Writing by David French; Editing by Andrew Heavens) ((davidj.french@thomsonreuters.com; +971 4 362 5864; Reuters Messaging: davidj.french.thomsonreuters.com@reuters.net))
Keywords: QATAR BUDGET/
