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Tribune News Network
Doha
Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani on Thursday said that Qatar’s budget for 2021 confirms the resilience and the durability of the national economy in spite of the repercussions of the COVID-19 pandemic.
He noted that the budget has allocated huge spending on major projects, as well as on education and health, affirming that these sectors are of special interest to the state.
Sheikh Khalifa also pointed out that the allocation of QR 72.1 billion to spending on major projects, a share of 37 percent of the total expenditures of QR 194.7 billion, indicated the state’s continued efforts to complete the projects related to the 2022 World Cup in a timely manner.
Citing the estimation of budget on average oil prices of $40 a barrel, he said the budget supports the state’s plans to continue accomplishing sustainable development, as well as reflects the sound financial plans adopted by the government in dealing with fluctuations in oil prices.
Qatar Chamber General Manager Saleh bin Hamad Al Sharqi said that the budget would enhance the state’s economic performance which has achieved positive progress despite the the spread of COVID-19.
Sharqi lauded the allocation of QR16.5 billion to the health sector, a share of 8.5 percent of the total budget, affirming that this demonstrates the state’s interest in developing health facilities for the wellbeing of nationals and residents alike.
This also will ensure the establishment of more projects and expansion of medical and health facilities, he added.
QC General Manager also praised the allocation of QR 17.4 bn to the education sector, a share of 9 percent of the budget, reflects the country’s keenness on developing education to match the education of developed countries.
Sharqi pointed out that the budget also included allocations to develop citizens’ land by providing an integrated infrastructure of water, electricity, sewage, roads and all other facilities in different regions of the country. He said the development of these lands will lead to the expansion of residential lands in a way that enhances urban expansion.
Doha
Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al Thani on Thursday said that Qatar’s budget for 2021 confirms the resilience and the durability of the national economy in spite of the repercussions of the COVID-19 pandemic.
He noted that the budget has allocated huge spending on major projects, as well as on education and health, affirming that these sectors are of special interest to the state.
Sheikh Khalifa also pointed out that the allocation of QR 72.1 billion to spending on major projects, a share of 37 percent of the total expenditures of QR 194.7 billion, indicated the state’s continued efforts to complete the projects related to the 2022 World Cup in a timely manner.
Citing the estimation of budget on average oil prices of $40 a barrel, he said the budget supports the state’s plans to continue accomplishing sustainable development, as well as reflects the sound financial plans adopted by the government in dealing with fluctuations in oil prices.
Qatar Chamber General Manager Saleh bin Hamad Al Sharqi said that the budget would enhance the state’s economic performance which has achieved positive progress despite the the spread of COVID-19.
Sharqi lauded the allocation of QR16.5 billion to the health sector, a share of 8.5 percent of the total budget, affirming that this demonstrates the state’s interest in developing health facilities for the wellbeing of nationals and residents alike.
This also will ensure the establishment of more projects and expansion of medical and health facilities, he added.
QC General Manager also praised the allocation of QR 17.4 bn to the education sector, a share of 9 percent of the budget, reflects the country’s keenness on developing education to match the education of developed countries.
Sharqi pointed out that the budget also included allocations to develop citizens’ land by providing an integrated infrastructure of water, electricity, sewage, roads and all other facilities in different regions of the country. He said the development of these lands will lead to the expansion of residential lands in a way that enhances urban expansion.
