Qatar’s budget for 2025 prioritises spending on vital sectors

Doha, Qatar: Minister of Finance H E Ali bin Ahmed Al Kuwari presented Qatar s general budget for the fiscal year 2025 during a press conference, toda...

Doha, Qatar: Minister of Finance H E Ali bin Ahmed Al Kuwari presented Qatar’s general budget for the fiscal year 2025 during a press conference, today, December 15, 2024. 

Minister of Finance highlighted allocation of budget for different sectors, economic and sustainability targets, expectations for economic growth and activities in the upcoming years. He elaborated regarding the inflation rate, oil and gas prices expected in the budget and policies of working with the deficit and surplus; revenues and expenditures and different chapters in the budget; the plan of government contracts, public debts and credit ratings.

The allocations for health and education sectors stand at QR41.4bn, accounting for 20 percent of the budget. This underscores Qatar’s commitment to enhancing human capital development and improving public service quality. 

The strategic sectors such as trade and industry, research and innovation, tourism, digital transformation, and information technology have been allocated significant resources to support economic diversification and sustainable development efforts.

“The Third National Development Strategy (NDS-3) focuses on four main sectors that will drive the economic growth and help in diversification in industry, tourism, logistics and transportation, technology and AI sectors,” Minister Al Kuwari said.