The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, affirmed that the state continues to direct the general budget surplus towards reducing public debt and increasing financial reserves, to give it the ability and flexibility to respond to financial challenges that may arise as a result of fluctuations in energy prices or any other economic challenges.
The Emir of Qatar explained at the opening of the regular session of the Shura Council that the State of Qatar was able to reduce the level of public debt from nearly 73% of the gross domestic product in 2020 to less than 44% by the end of 2023, as the policies followed contributed to raising the country's credit rating by international agencies while maintaining a stable future outlook.
