His Highness the Amir approves the 2025 General Budget

HH Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, has issued Law No. (20) of 2024, approving the general budget for the 2025 fiscal year. The law will take effect from January 1, 2025 and be published in the Official Gazette.

During a press conference held today, HE Ali bin Ahmed Al Kuwari, Minister of Finance, outlined details of the budget, which projects total revenues of QAR 197 billion.

Speaking at the event, HE the Minister of Finance emphasised that Qatar continues its conservative approach in estimating oil and gas revenues, adopting an average oil price of USD 60 per barrel to ensure financial flexibility and sustainable spending patterns. Projected oil and gas revenues amount to QAR 154 billion, reflecting a 3.1 percent decrease compared to QAR 159 billion last year while non-oil revenues remain steady at QAR 43 billion, unchanged from 2024.

In addition, total expenditure for the upcoming year is set at QAR 210.2 billion, marking a 4.6 percent from the previous year. HE the Minister of Finance said that the projected deficit of QAR 13.2 billion will be addressed through a combination of domestic and external debt instruments, as needed.

Allocations for the healthcare and education sectors constitute QAR 41.4 billion, representing around 20 percent of the total budget. This substantial amount underscores Qatar’s continued focus on human capital and public service development.

Strategic sectors will receive significant financial backing in 2025, with dedicated allocations for trade and industry, research and innovation, tourism, digital transformation and Information Technology. These investments aim to advance Qatar’s economic diversification efforts and achieve sustainable development across sectors.

Salary and wage allocations for the coming year increased by 5.5 percent compared to last year, reaching QAR 67.5 billion. Current expenditure allocations rose by 6.3 percent while secondary capital expenditures increased by 7.7 percent. Major capital expenditure saw a slight increase of 1.4 percent to support ongoing development projects.

For more details please find the below full report ​​

For more details about the Qatar State Budget 2025 please find the below:​