Doha
His Highness the Amir of the State of Qatar Sheikh Tamim bin Hamad Al Thani on Thursday approved the 2021 State Budget that will be implemented from January 1, 2021.
In a statement released on Thursday, Minister of Finance HE Ali Shareef Al-Emadi said that Qatar has set a budget of QR194.7 billion for 2021 and the country’s revenue is anticipated to reach QR160.1 billion during the year.
Emadi explained that revenue in the 2021 budget is based on a conservative average oil price assumption of $40 per barrel. This reflects a continued policy of conservative revenue estimation to maintain a fiscal balance and minimise the impact of the fluctuation in energy prices on the Budget, he said.