Qatar posts budget surplus of QR30bn in Q3, says Finance Ministry

The State of Qatar posted a budget surplus of QR30bn for the third quarter of 2022, the Finance Ministry announced on Tuesday.
In its briefing on the actual data of Qatar's budget in the third quarter, the Ministry said the total revenues for this quarter amounted to QR81.8bn, of which QR76.3bn were oil and gas revenues, while non-oil revenues were estimated at QR5.5bn.
It indicated that the total expenditures in the same quarter of 2022 amounted to QR51.8bn, of which QR14.6bn were for salaries and wages and QR18bn for current expenses, while incidental capital expenditures amounted to QR1.2bn and major projects at QR18bn.
The Ministry's data had revealed earlier that Qatar's budget surplus in the first half of 2022 jumped to reach QR47.3bn, compared to a surplus of QR4bn during the same period of 2021.
Oil and gas revenues increased to QR117.6bn, compared to QR70.4bn in the first half of 2021, representing an increase of 67%. Total actual revenues achieved during the first half of this year amounted to QR150.7bn, with QR85.7bn coming in the second quarter, and QR65bn in the first.
There was a total of QR33.1bn of non-oil revenues, with QR27.5bn coming in the second quarter of 2022 and QR5.6bn in the first.
Total expenditures amounted to QR103.4bn during the first half of 2022, distributed over QR52bn in the second quarter and QR51.4bn in the first, of which QR32.9bn were salaries and wages, with QR17.5bn coming in the second quarter and QR15.4bn in the first quarter. Current expenses stood at QR33.2bn, distributed over QR16.7bn in the second quarter, QR16.5bn in the first quarter, while QR2.2bn in the first half for incidental capital expenditures, distributed by QR1.1bn during the second quarter and the same in the first quarter.
The level of spending on major projects reached QR35.1bn during the first half of 2022, distributed over QR16.7bn in the second quarter and QR18.4bn in the first quarter of 2022.