Qatar approves 2027 budget draft
The Qatari Council of Ministers approved the 2027 budget draft without specifying revenue and expenditure projections and referred it to the Shura Council to complete the legislative procedures. The 2026 budget includes estimated revenues of $54.7 billion, compared to expenditures of $60.7 billion, with an expected deficit of around $6 billion, based on an average oil price of $55 per barrel. The council also approved memoranda of understanding to strengthen energy cooperation with Saudi Arabia, twin city agreements with Cairo, and police cooperation with Belgium, welcoming the outcomes of international visits and meetings aimed at enhancing economic and investment relations.
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