The State of Qatar posted a budget surplus of QR 30 billion for the third quarter of 2022, the Finance Ministry announced Tuesday. The Ministry said that the total revenues for this quarter amounted to QR 81.8 billion, of which QR 76.3 billion were oil and gas revenues, while non-oil revenues were estimated at QR5.5 billion, in its briefing on the actual data of Qatar's budget in the third quarter of 2022,
It indicated that the total expenditures in the same quarter of 2022 amounted to QR 51.8 billion, of which QR 14.6 billion were for salaries and wages and QR 18 billion for current expenses, while incidental capital expenditures amounted to QR 1.2 billion and major projects amounted to QR18 billion. The ministry's data had earlier revealed that Qatar's budget surplus in the first half of 2022 doubled several times to reach QR 47.3 billion, compared to a surplus of QR 4 billion during the same period of 2021. Data released from the Ministry of Finance showed that oil and gas revenues increased to QR 117.6 billion, compared to QR 70.4 billion in the first half of 2021, representing an increase of 67 percent.
Total actual revenues achieved during the first half of this year amounted to QR 150.7 billion, with QR 85.7 billion coming in the second quarter, and QR 65 billion in the first. There was a total of QR 33.1 billion of non-oil revenues, with QR 27.5 billion coming in the second quarter of 2022 and QR 5.6 billion in the first.
Total expenditures amounted to QR 103.4 billion during the first half of 2022, distributed over QR 52 billion in the second quarter and QR 51.4 billion in the first quarter, of which QR 32.9 billion were salaries and wages, with QR 17.5 billion coming in the second quarter and QR 15.4 billion in the first quarter, while QR 33.2 billion for current expenses, distributed over QR 16.7 billion in the second quarter, QR 16.5 billion in the first quarter, and QR 2.2 billion in the first half for incidental capital expenditures, distributed by QR 1.1 billion during the second quarter and the same in the first quarter. The level of spending on major projects reached QR 35.1 billion during the first half of 2022, distributed over QR 16.7 billion in the second quarter and QR 18.4 billion in the first quarter of 2022.
