HH the Amir approves 2021 state budget

HH the Amir approves 2021 state budget

By QLNews

His Highness the Amir Sheikh Tamim bin Hamad Al Thani yesterday approved the state budget for 2021.

The 2021 budget reveals an expected total revenue of QR160.1 billion and total expenditure of QR194.7 billion.

HH the Amir issued Law Number 22 of 2020, approving the 2021 state budget, which will go into effect on January 1, 2021.

The revenue in the budget is based on a conservative average oil price assumption of $40 per barrel, His Excellency the Minister of Finance Ali Shareef Al Emadi highlighted.

“This reflects a continued policy of conservative revenue estimation to maintain a fiscal balance and minimize the impact of the fluctuation in energy prices on the State Budget,” he said, according to a statement by the Ministry of Finance (MOF).

HE the Minister pointed out that a deficit of QR 34.6 billion is expected under the 2021 budget.

The projected deficit will be covered by MOF “from available resources or through issuing debt instruments in the domestic and international financial markets, if needed,” the statement adds.

An amount of QR72.1 billion has been allocated for major projects in the 2021 state budget, HE Al Emadi said.

This will cover new projects in addition to on-going development projects in different sectors as well as those pertaining to the 2022 World Cup.

Citizens’ land development projects and related infrastructure is also part of this allocation.

The state budget for 2021 has allocated QR17.4 billion to the education sector, which entails spending on the expansion of schools as well as other educational facilities.

An amount of QR16.5 billion has been allocated for the healthcare sector, “covering additional high priority projects to further promote and expand medical and healthcare facilities scheduled to be implemented during 2021,” according to the Ministry’s statement.

The full report on the 2021 budget is available here

---

Make sure to check out our social media to keep track of the latest content.

Instagram - @qatarliving

Twitter - @qatarliving

Facebook - Qatar Living

YouTube qatarlivingofficial

Source: MOF 
COVID-19 Banner
Log in or register to post comments

More from Qatar Living

Education City and Ahmad Bin Ali stadiums to host FIFA Club World Cup 2020

Education City and Ahmad Bin Ali stadiums to host FIFA Club World Cup 2020

The tournament will now be staged at Education City and Ahmad Bin Ali stadiums, while Khalifa International Stadium, which was originally due to host two games, will not be used.
First edition of Al Khor Carnival Festival to kick off on January 23

First edition of Al Khor Carnival Festival to kick off on January 23

Carnival lovers can rejoice as the first edition of the Al Khor Carnival Festival approaches this year at Al Bayt Stadium Park.
COVID-19 vaccination certificates to be issued on MyHealth patient portal

COVID-19 vaccination certificates to be issued on MyHealth patient portal

COVID-19 vaccination certification will be issued to individuals seven days after they have received the second dose of the vaccine, according to an announcement by the Ministry of Public Health.
QL Exclusive: An interview with Qatar-based entrepreneur, Haitham Al-Haidari

QL Exclusive: An interview with Qatar-based entrepreneur, Haitham Al-Haidari

Qatar Living speaks to the entrepreneur, and the co-founder and CEO of Modaris.Me application, to learn more about his journey of innovation and success.
WATCH: Vaccination certificates may become the new norm for travel, says Qatar Airways GCEO

WATCH: Vaccination certificates may become the new norm for travel, says Qatar Airways GCEO

Vaccination certificates might become the new norm for travel with countries making it a requirement for entry, the GCEO of Qatar Airways (QA) has said.
WATCH: QSFA awards winners of Sealine Beach Tournament

WATCH: QSFA awards winners of Sealine Beach Tournament

QSFA hosted the finals for its various competitive beach events and awarded the winners of the football, volleyball, and shooting competition.
WATCH: A walkthrough of Hilton Doha - The Pearl Residences

WATCH: A walkthrough of Hilton Doha - The Pearl Residences

Hilton Doha’s The Pearl Residences offer the perfect solution with its combination of luxury, comfort and elegance.
WATCH: IKEA Restaurant adds pizzas to its dining menu

WATCH: IKEA Restaurant adds pizzas to its dining menu

Now you can enjoy freshly baked pizzas at IKEA Restaurant.