Amir Sheikh Tamim bin Hamad Al-Thani has enacted Law No. (17) of 2024, approving Qatar’s general budget for the fiscal year 2025. The law will take effect on January 1, 2025, and will be published in the Official Gazette.
2025 Budget Highlights
Finance Minister Ali bin Ahmed Al Kuwari announced the following key figures for the 2025 fiscal year:
- Revenues: QR197 billion ($54 billion), reflecting a 2.5% decrease compared to 2024.
- Expenditures: QR210.2 billion ($57.7 billion), a 4.6% increase from 2024.
- Deficit: QR13.2 billion ($3.6 billion), to be financed through local and external debt instruments.
The Minister noted that Qatar maintains a conservative approach to oil and gas revenue projections, using an average oil price of $60 per barrel to ensure financial flexibility and stable spending.
Revenue Breakdown
- Oil and Gas Revenues: Estimated at QR154 billion ($42.2 billion), down 3.1% from 2024.
- Non-Oil Revenues: Projected at QR43 billion ($11.8 billion), remaining consistent with 2024 levels.
Spending Priorities
The 2025 budget emphasizes human capital development and economic diversification, with key allocations including:
- Health and Education: QR41.4 billion ($11.4 billion), representing 20% of the total budget.
- Salaries and Wages: QR67.5 billion ($18.5 billion), a 5.5% increase from 2024.
- Current Expenditures: Up by 6.3%.
- Secondary Capital Expenditures: Projected to rise by 7.7%.
- Major Capital Expenditures: A modest 1.4% increase to support ongoing strategic and developmental projects.
Strategic sectors such as trade, industry, tourism, research and innovation, digital transformation, and information technology have also received substantial allocations to drive Qatar’s economic diversification and sustainable development agenda.
Minister Al Kuwari will provide further insights into the 2025 budget at an upcoming press conference.
