Qatar posts $549 mln first-quarter budget surplus

The state's total revenue for the period amounted to 53.4 billion riyals, down 22.1% from a year earlier.

Model of LNG tanker is seen in front of Qatar's flag in this illustration.

Credit: Reuters File Photo

Qatar, the world's second-largest LNG exporter, achieved a budget surplus of 2 billion riyals ($548.9 million) in the first quarter of 2024, which was used to reduce public debt, the finance ministry said on Sunday.

($1 = 3.6440 Qatar riyals)