QC Chairman: Qatar's 2024 Budget Reflects Interest in Developing the Economy

Doha, December 20 (QNA) - HE Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim bin Mohamed Al-Thani stressed that Qatar's new general budget for 2024 reflects the interest of the wise leadership in developing the national economy, noting that it also affirms the interest in achieving the goals of Qatar National Vision 2030.
       In press statements, His Excellency emphasized that the 2024 budget aligns with the state's plans and strategies to support ongoing economic growth and achieve economic diversification within the framework of the Qatar National Vision 2030. He highlighted that it further reflects the focus on economic sectors due to their great impact on other sectors, especially after the state's significant achievements in 2023, notably the successful hosting of the 2022 World Cup and the positive consequences it had on the economy and the state in general.
       HE QC Chairman noted that the budget indicated that the estimates of non-oil revenues for 2024 amount to QR 43.0 billion, an increase of approximately 2.4 percent compared to the budget for the fiscal year 2023. His Excellency stressed that this affirms the significant growth of non-oil sectors as part of the state's interest in economic diversification and opening new income channels beyond oil and gas.
       HE Sheikh Khalifa bin Jassim commended the doubling of allocations for the communications and information technology sector compared to last year's budget, asserting that this reaffirms the state's commitment to fostering a knowledge-based and innovative economy while promoting investment in these pivotal sectors.
       His Excellency also praised the budget's focus on the health and education sectors, noting that allocations for the two sectors constitute 20 percent of the total budget. This underscores the state's commitment to the development of Qatari citizens, recognizing that the development of human capital is vital for the progress of all other sectors, whether economic or social. (QNA)