Tribune News Network
Doha
The Ministry of Finance announced on Wednesday that Qatar’s budget for the second quarter of 2024 recorded a surplus of QR2.6 billion.
The surplus was directed to reducing public debt, and therefore there is no cash surplus, the ministry postedon X.
The total budget revenues for the second quarter of 2024 amounted to QR59.9 billion, of which QR41.1 billion were oil and gas revenues, while non-oil revenues amounted to QR18.7 billion, reflecting a decrease of 12.4 percent compared to the second quarterof 2023.
The total expenditures during the second quarter of 2024 amounted to about QR 57.3 billion, of which QR 16.5 billion were for salaries and wages, and QR 21.2 billion for current expenditures, while secondary capital expenditures amounted to QR 1.3 billion, and major capital expenditures amounted to QR 18.1 billion, representing a decrease of 1.8 percent compared to the second quarterof 2023.
The Ministry of Finance also revealed on Wednesday that the total value of tenders and auctions in government agencies in Qatar reached QR5.5 billion during the second quarter of 2024.
In a post on its X account, the ministry said that the tenders were distributed between QR4.5 billion awarded to local companies, which represents a decrease in the value of contracts with these companies by 13.5 percent, compared to the second quarter of 2023, and QR1 billion in tenders awarded to foreign companies, an increase of 67 percent compared to the same quarter of 2023.
The ministry noted that the number of tenders, practices, and direct agreements awarded in the second quarter of 2024 reached 650 tenders, as the first four sectors according to the sector business index during the afore mentioned quarter compared to the second quarter of 2023 were culture and sports, trade, control and judiciary, and defense and security.