Qatar recorded its first quarterly fiscal deficit since the end of 2021. Spending narrowly outpaced revenue in the first quarter of 2025, resulting in a $150mn deficit (see chart 1).
Qatar Records First Deficit Since 2021
Qatar recorded a narrow $150mn deficit in the first quarter of the year. Oil prices have since dropped, making wider deficits likely as the year continues.
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Charts
1: Qatar Records $150mn Deficit In Q1, The First Since 2021 ($bn)
2: Falling Benchmark Oil Prices Has Squeezed Qatari Government Revenues ($bn)
3: The World Is Set To Add Over 200mn t/y Of LNG Capacity* By The End Of The Decade (mn t/y)
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