Qatar Unveils 2026 Budget: Expenditure to Rise by 5 Percent

Doha, Qatar: The Government of Qatar has announced its State Public Budget for 2026, projecting total revenues of QR199 billion, marking a 1.0 percent increase compared to the previous year. Minister of Finance HE Ali bin Ahmed Al Kuwari made the announcement during a press conference on December 9, 2025, following the approval of the budget by HH Sheikh Tamim bin Hamad Al-Thani through Law No. (26) of 2025.

Budget Details and Economic Strategy

According to Minister Al Kuwari, the revenue estimates for 2026 are based on an average oil price of $55 per barrel. This projection aligns with Qatar’s conservative fiscal approach, aimed at ensuring sustainability and resilience against market fluctuations. The emphasis on a cautious revenue strategy reflects ongoing efforts to stabilize the economy amid global economic uncertainties.

In terms of expenditures, the total is expected to reach approximately QR220.8 billion, representing a 5.0 percent increase over the 2025 budget. This rise in expenditure is indicative of the government’s commitment to investing in key sectors and enhancing public services.

Addressing the Deficit

The budget also anticipates a deficit of QR21.8 billion for the upcoming fiscal year. Minister Al Kuwari stated that this deficit will be managed through a combination of local and external debt instruments, designed to meet the financing requirements and adapt to developments in debt markets. This approach underscores the government’s proactive measures to maintain fiscal health while investing in critical infrastructure and services.

The 2026 budget reflects Qatar’s strategic initiatives to foster economic growth while navigating the challenges posed by volatile oil prices and global economic conditions. As the country prepares for the future, these budgetary decisions will play a crucial role in shaping its fiscal landscape.

This report will be updated as more information becomes available.