197 billion riyals, the total expected revenues of Qatar’s budget for the year 2025
Qatari Minister of Finance, Ali bin Ahmed Al-Kuwari, announced on Thursday that the total expected revenues of the State of Qatar’s budget for the fiscal year 2025 amount to 197 billion riyals, which represents a decrease of 2.5% compared to the total budget revenues for the year 2024.
Al-Kuwari indicated – In his statement – the state continued to follow a conservative approach in estimating oil and gas revenues, as an average oil price of $60 per barrel was adopted, with the aim of enhancing financial flexibility and ensuring stability. Spending.
He said: “The expected oil and gas revenues for the year 2025, based on this, amount to 154 billion riyals, compared to 159 billion riyals in the 2024 budget, which represents a decrease of 3.1%… indicating that the revenue estimates The expected non-oil forecast for 2025 amounts to 43 billion riyals, unchanged from the 2024 budget level.
With regard to total expenditures… he stated Al-Kuwari estimated that it amounts to 210.2 billion riyals, recording an increase of 4.6% compared to the year 2024… indicating that covering the expected deficit in 2025 amounting to 13.2 billion riyals will be through the use of local and external debt instruments as needed.
The Minister of Finance indicated Qatar Airways indicated that the allocations for the health and education sectors amount to 41.4 billion riyals, which represents 20% of the total budget, which reflects the state’s continued commitment to capital development policies. Human capital and raising the level of quality of public services, and the necessary financial resources have been allocated to strategic sectors that include trade and industry, research and innovation, tourism, digital transformation, and information technology in order to support economic diversification efforts and achieve sustainable development.
He stressed the increase in the quality of public services. Salaries and wages allocations for 2025 increased by 5.5% over 2024, reaching 67.5 billion riyals, and allocations for current expenses increased by 6.3%. And minor capital expenditures increased by 7.7% compared to the previous year..
While the major capital expenditures budget witnessed a slight increase of 1.4% to support the continued implementation of strategic and development projects.
The Minister of Finance is scheduled to review Qatari Ali bin Ahmed Al Kuwari will provide more details about the general budget of the State of Qatar for the fiscal year 2025 during a press conference to be held next Sunday.
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