Qatar's Budget Records a Surplus that Exceeded the Threshold of $8.3 Billion

  • Doha, State of Qatar
  • 14 December 2022
1

Qatar's budget in the third quarter of 2022 recorded a surplus of 30.1 billion riyals ($8.3 billion), supported by an increase in gas revenues, compared to a surplus of 0.9 billion riyals in the corresponding period of 2021.

And the Ministry of Finance indicated that the actual data of Qatar’s budget for the third quarter of 2022 indicates a surplus of 30 billion riyals, as the value of total revenues in the quarter ending in September amounted to 81.8 billion riyals ($22.5 billion), of which 76.3 billion riyals ( $21.04 billion) oil and gas revenues.

The ministry's data showed that the value of public expenditures amounted to 51.8 billion riyals ($14.3 billion). While Qatar's budget surplus doubled in the first half of this year 11.8 times, to reach 47.3 billion riyals ($13 billion).

The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, noted "Preliminary indicators reveal a 4.3 percent GDP growth in the first half of the current year 2022."

Source (Al-Sharq Al-Awsat Newspaper, Edited)