Qatar's Budget Records QR 2 Billion Surplus in Q1 2024

Qatar

The Ministry of Finance announced Sunday that the State of Qatar's budget for the first quarter of 2024 recorded a surplus of QR 2 billion.

The surplus was directed to reducing public debt, and therefore there is no cash surplus, the Ministry posted on X.

The total budget revenues for the Q1 of 2024 amounted to QR 53.4 billion - QR 47.3 billion from oil revenues, and QR 6.1 billion non-oil revenues, a 22.1-percent decrease versus the same period the previous year.

The total expenditures in the first quarter of 2024 amounted to QR 51.4 billion. A total of QR 16.3 billion was directed for salaries and wages and QR 18.8 billion for current expenses, while secondary capital expenditures amounted to QR 1.4 billion and major capital expenditures amounted to QR 14.6 billion, a five percent increase from the same period the previous year.

(QNA)