Qatar announced a 2020 budget of QR210.5bn ($58bn) on Monday, up 1.9% from 2019. "The 2020 budget is designed to achieve efficiency in the current expenditure while maintaining the allocations required for the completion of major approved projects," the Finance Ministry said in a statement.
Revenues in 2020 are expected to stay at QR211bn, based on an oil price assumption of $55 per barrel.
As a result, Qatar expects a surplus of QR500mn next year compared with a surplus of QR4.4bn this year, it said.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Mastercard faces retailer backlash over instalment payments
US consumer sentiment up, inflation outlook brightens as import prices decline
China state-owned giants to delist from US amid audit spat
China’s mounting risks set stage for central bank to rein in stimulus
Qatar records QR124bn as value of exports of local origin in Q2, 2022
Estithmar achieves underlying QR213.4mn net profit attributable to shareholders, up 11.5%%
GIS in talks with stakeholders to restructure debt
Robust earnings, US inflation data lift sentiments; index vaults 2.75%, M-cap gains QR19bn
Opec, in contrast to IEA, sees lower 2022 global oil demand growth