Qatar is budgeting for a $2.3bn deficit in 2022 according to the Ministry of Finance, although even the ministry itself acknowledges this is a conservative outlook. In reality, absent a major economic crash, Qatar is likely to post a second consecutive budget surplus next year as the economy bounces back from the 2020 pandemic-induced shock.

Having posted back-to-back budget surpluses over 2018 and 2019, the pandemic pushed Qatar into a $2.1bn deficit last year as revenues crashed. (CONTINUED - 567 WORDS)