Qatar has approved its budget for 2025 with an expected $54bn revenues and $57.7bn spending.
Amir Sheikh Tamim bin Hamad Al-Thani issued Law No. (17) of 2024 approving the State’s general budget for the fiscal year 2025.
The law stipulated its implementation and enforcement as of January 1, 2025, and that it be published in the Official Gazette.
2025 Qatar budget
Minister of Finance Ali bin Ahmed Al Kuwari announced that Qatar’s total expected revenues for the 2025 fiscal year budget are estimated at QR197bn ($54bn), reflecting a 2.5 per cent decrease compared to the 2024 budget revenues.
The Minister emphasised that Qatar continues to adopt a conservative approach in estimating oil and gas revenues, with an average oil price of $60 per barrel. This approach aims to enhance financial flexibility and ensure spending stability.
He said: “The anticipated oil and gas revenues for 2025 are QR154bn ($42.2bn), down from QR159bn ($43.6bn) in the 2024 budget, marking a 3.1 per cent decrease.”
Additionally, he noted that non-oil revenues for 2025 are estimated at QR43bn ($11.8bn), remaining unchanged from 2024 levels.
On the expenditure side, HE Ali bin Ahmed Al Kuwari highlighted that total expenditures are projected at QR210.2bn ($57.7bn), a 4.6 per cent increase compared to 2024.
He added that the expected budget deficit of QR13.2bn ($3.6bn) will be financed through local and external debt instruments, as required.
The Minister underlined that allocations for the health and education sectors stand at QR41.4bn ($11.4bn), accounting for 20 per cent of the total budget.
This allocation underscores Qatar’s commitment to enhancing human capital development and improving public service quality.
Furthermore, strategic sectors such as trade and industry, research and innovation, tourism, digital transformation, and information technology have been allocated significant resources to support economic diversification and sustainable development efforts.
Allocations for salaries and wages are set to rise by 5.5 per cent in 2025 compared to 2024, reaching QR67.5bn ($18.5bn).
Current expenditures will see a 6.3 per cent increase, while secondary capital expenditures are expected to grow by 7.7 per cent.
Meanwhile, major capital expenditure allocations will experience a modest 1.4 per cent increase to ensure the ongoing implementation of strategic and developmental projects.
Ali bin Ahmed Al Kuwari, Minister of Finance, will provide further details on Qatar’s general budget for the 2025 fiscal year during a press conference scheduled for Sunday.
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