Qatar Records Q4 2023 Budget Surplus, Allocates Funds to Debt Reduction

Qatar, 05 March, 2024 : Qatar, the world's second-largest LNG exporter, concluded the final quarter of 2023 with a budget surplus of 1.4 billion riyals ($384 million), as announced by the finance ministry. The surplus was directed towards reducing public debt, reflecting the country's fiscal discipline.

During the fourth quarter, Qatar recorded a 10% decrease in revenue, amounting to 55.6 billion riyals compared to the previous quarter. Despite this decline, public spending rose by 8.9% to reach 54.2 billion riyals during the same period.

This financial update underscores Qatar's robust fiscal management amidst fluctuations in revenue and expenditure. The surplus allocation towards debt reduction highlights the government's commitment to maintaining fiscal stability and prudent financial policies. (1 USD = 3.6455 QAR)

Source : www.zawya.com