Qatar Achieves Q2 Budget Surplus Amid Decreased Revenue

Qatar reported a budget surplus of 2.6 billion rials ($713.31 million) for the second quarter of 2024, despite a 12.4% decrease in total revenues compared to the same period last year. The total public spending for the quarter was around 57.3 billion rials.

Qatar's Finance Ministry announced on Wednesday that the nation recorded a budget surplus of 2.6 billion rials ($713.31 million) in the second quarter of 2024.

Total public spending for the quarter reached approximately 57.3 billion rials, while total revenues were around 59.9 billion rials, marking a 12.4% decline from the same quarter in the previous year.

The exchange rate for the dollar stood at 3.6450 rials. The figures highlight Qatar's robust financial management despite reduced revenues.

(With inputs from agencies.)