Wednesday, March 3, 2021
12:44 PM
Doha
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.
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