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Finance Minister Yousef Hussain Kamal on 4 April announced the 2006/07 state budget, projecting a massive 44.4 per cent increase in expenditure to QR 54,600 million ($15,000 million). With revenues expected to soar by 49.6 per cent, the surplus is budgeted to widen to QR 2,300 million ($632 million), from the budgeted QR 217 million ($60 million) in 2005/06 (see table). The fiscal year runs from 1 April to 31 March.