Ministry of Finance: Qatar's Budget for Q3 of 2023 Records Surplus of QR 12 Billion

Doha, November 28 (QNA) - The Ministry of Finance announced today that the State of Qatar's budget for the third quarter of the year 2023 recorded a surplus of QR 12 billion.
    In its briefing on the actual data of Qatar's budget in the third quarter (Q3) of 2023, the Ministry of Finance said that the total revenues for this quarter amounted to QR 61.8 billion, of which oil revenues account for QR 56.7 billion, whereas non-oil revenues for QR 5.1 billion.
    The total expenditures in Q3 of 2023 amounted to QR 49.8 billion, of which QR 14.9 billion went to salaries and wages, and QR 17.5 billion went to major capital expenditures, with current expenses amounting to QR 16.3 billion, while secondary capital expenditures amounted to QR 1.1 billion.
    The ministry noted that the 2023 Q3 surplus will be directed to repay government debts and strengthen public reserves.
    In a previous statement, the Ministry of Finance had said that the Q2 of 2023 budget surplus amounting to QR 10 billion, was to be directed in accordance with the State's financial policies, towards reducing public debt, raising the reserves of the Qatar Central Bank, and enhancing the savings of future generations through the Qatar Investment Authority. (QNA)