QNA
Doha
The Ministry of Finance (MOF) announced on Thursday that the State of Qatar’s budget for the fourth quarter (Q4) of 2024 recorded a surplus of QR0.9 billion.
MOF posted on X platform saying that the surplus will be directed to reducing public debt and thus there is no cash surplus. It revealed that total revenues in Q4 amounted to about QR48.7 billion, a 12.5 percent decrease compared to the same quarter of 2023. It said these revenues were generated from oil and gas sector (QR42.09 billion), and non-oil sector (QR6.59 billion).
It showed that total expenditures in Q4 amounted to about QR47.8 billion, a 12 percent decrease compared to the same quarter of the previous year. These expenditures were distributed as follows: QR17.69 billion for salaries and wages, QR18.49 billion for current expenditures, while secondary capital expenditures amounted to QR1.32 billion, and major capital expenditures amounted to QR10.24 billion.
The ministry’s data showed that the actual average price of oil during the mentioned quarter amounted to $73.9 per barrel, which is higher than the estimated price in Qatar’s 2024 budget, which is $60 per barrel. page 6
