Qatar’s 2021 Budget to Promote the Country’s Economic Growth

Qatar’s 2021 Budget has allocated a significant amount of funding towards development projects in different sectors of the economy, such as infrastructure for utilities, education, healthcare, and transport, according to local media. These include existing projects as well as completely new projects.

Based on this, Qatar’s Planning and Statistics Authority expects the country’s economy to recover from the impact of COVID-19 with an estimated gross domestic product (GDP) growth of 2.2% for 2021. In October 2020, the International Monetary Fund (IMF) revised down its GDP estimate for Qatar to -4.5% for 2020, even lower than the 4.3% contraction estimated by the IMF in April 2020.

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