In the backdrop of the siege on Qatar by its neighbouring countries Qatar is adopting a conservative approach in its budget. The state budget for 2019 features a small rise in government spending and a surplus after three years owing to higher oil prices and the newly introduced taxation.
Here are the highlights:
• The Total Budgeted Revenue for 2019 is anticipated at QAR 211 Billion. This is based on an average Oil price of USD 55 Per Barrel.
• The total Budgeted Expenditure for 2019 is anticipated at QAR 206.7 Billion. The Major Outflows for Healthcare, Education, Infrastructure, Transportation and Communication Sector accounts for almost 44%. They are detailed below:
1.1.1. Health Care – QAR 22.7 billion representing 11% of the Budget.
1.1.2. Education Sector - QAR 19.2 billion representing 9.3% of the budget.
1.1.3. Infra Structure Projects – QAR 33 billion representing 16% of the budget.
1.1.4. Transportation and Communication Sector - QAR 16.4 billion representing 7.9% of the budget.
• The Anticipated Surplus for the Current Budget is QAR 4.3 Billion; which is an improvement from the Previous Year (2018) where the deficit was almost 28 Billion. In fact, the previous 3 years was a deficit budget.
• There are no planned Implementation of VAT or Personal Income taxes for the Year 2019.
View 2019 Budgets Highlights
