Minister of Finance: QR 202 billion total revenues for 2024 general budget, expenditures rise by 1%

Minister of Finance: QR 202 billion total revenues for 2024 general budget, expenditures rise by 1%

HE Minister of Finance Ali bin Ahmed Al Kuwari announced that the total revenues expected in the general budget of the State of Qatar for the fiscal year 2024, issued by HH the Amir Sheikh Tamim bin Hamad Al-Thani earlier Wednesday, amounts to QR 202.0 billion, a 11.4% decrease compared to the 2023 budget total revenues estimates.In a statement on Wednesday, HE the Minister of Finance attributed the decrease in revenues basically to the adoption of an average oil price of $60 per barrel for 2024 instead of $65 per barrel in 2023, based on the international institutions estimates for oil prices in 2024, and the conservative estimates for oil and gas revenues.HE the Minister of Finance explained that estimates of total oil and gas revenues for 2024 amount to QR 159.0 billion, compared to QR 186.0 billion in 2023, a 14.5% decrease; indicating that the estimates of non-oil revenues for 2024 amounts to QR 43.0 billion, an increase of approximately 2.4% compared to the budget for the fiscal year 2023.His Excellency added that said that expenditures in the fiscal year 2024 budget sees an increase by 1.0% from 2023 to reach QR 200.9 billion, due to a rise in