Qatar records QAR2bn budget surplus in 2024's first quarter

Qatar’s Ministry of Finance announced that the country’s budget for the first quarter of 2024 recorded a surplus of QAR2bn.

The surplus will be directed towards reducing public debt, and hence there will be no cash surplus, said the Ministry on X, formerly known as Twitter.

Qatar’s total budget revenues amounted to QAR53.4bn for the first quarter of 2024. Out of this, QAR47.3bn revenues came from oil while QAR6.1bn was non-oil revenues. It translated to a 22.1% decrease when compared to the same period from the previous year.

The total expenditures in the first quarter of 2024 amounted to QAR51.4bn. While QAR16.3bn was directed towards salaries and wages, QAR18.8bn went for current expenses. Secondary capital expenditures amounted to QAR1.4bn.

Major capital expenditures amounted to QAR14.6bn, a five percent increase from the same period the previous year.

---

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

Instagram - @qatarliving

X - @qatarliving

Facebook - Qatar Living

YouTube - qatarlivingofficial

Share : Share

0 comments

More from Qatar Living

Qatar’s top beaches for water sports thrills

Let's dive into the best beaches in Qatar, where you can have a blast with water activities, sports and all around fun times.

Most Useful Apps In Qatar - Part Two

This guide brings you the top apps that will simplify the use of government services in Qatar.

Most Useful Apps In Qatar - Part One

this guide presents the top must-have Qatar-based apps to help you navigate, dine, explore, access government services, and more in the country.

Winter is coming – Qatar’s seasonal adventures await!

Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.

7 Days of Fun: One-Week Activity Plan for Kids

Stuck with a week-long holiday and bored kids? We've got a one week activity plan for fun, learning, and lasting memories.

Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!

Places to enjoy Mango Sticky Rice in high-end elegance

Delve into a world of culinary luxury as we explore the upmarket hotels and fine dining restaurants serving exquisite Mango Sticky Rice.

Where to celebrate World Vegan Day in Qatar

Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.

My account

My saved ads

My saved searches

Logout

Qatar records QAR2bn budget surplus in 2024's first quarter

More from Qatar Living