Doha, Qatar: The State of Qatar’s general budget posted a deficit of QR0.5bn during Q1 2025 (January, February, and March), the Ministry of Finance (MoF) announced yesterday.
In a statement published on its account on the social media platform X, MoF highlighted that the deficit was covered through debt instruments, according to the actual data for Qatar’s budget performance in Q1 2025.
The total revenues for Q1 2025 stood at approximately QR49.4bn, reflecting a 7.5 percent decrease compared to Q1 2024, the statement read.
It clarified that these revenues comprised QR42.5bn in oil and gas revenues and QR6.9bn in non-oil revenues.
The statement further noted that total public expenditure during Q1 2025 amounted to roughly QR49.9bn, registering a 2.8 percent decline compared to Q1 2024.
The expenditure was allocated as follows: QR16.9bn for salaries and wages, QR18.5bn for current expenditures, QR13.1bn for major capital expenditures, and QR1.2bn for minor capital expenditures.
The statement highlighted that the total value of government procurement contracts executed through tenders and auctions by public entities during Q1 2025 amounted to approximately QR6.4bn. Contracts awarded to foreign companies totaled around QR1.5bn, marking a 50 percent increase compared to Q1 2024.
Overall, MoF stated that the top four sectors according to the Business Activity Index during Q1 2025 were municipality and environment, health, energy, and the General Secretariat of the Council of Ministers.
