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2018 budget to be based on $45 oil price


DOHA Qatar will base its budget for 2018 on oil price of $45 a barrel, Minister of Finance HE Ali Sherif al Emadi said on Tuesday."Despite rise in oil prices, we are adopting a conservative approach to base our budget on a low oil price. The budget for 2018 will focus on developing local industries and the private sector as the country works to make itself self-sufficient in the face of the boycott," he said, adding that enough fund will be allocated to achieve self-sufficiency in food products.

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