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Qatar’s approved 2024 fiscal year budget reflects a 11.4% decrease in estimated oil prices. This supports the country’s conservative approach to spending and revenue estimated for the year, causing a 14.5% decrease in oil and gas revenue and a 2.4% increase in non-oil revenue. Qatar’s decisions are backed by a comparison with price estimates of oil prices predicted by various international institutions. 

Qatar lowers oil price assumption for 2024 budget to $60/bbl -QNA

Qatar’s approved 2024 fiscal year budget reflects a 11.4% decrease in estimated oil prices. This supports the country’s conservative approach to spending and revenue estimated for the year, causing a 14.5% decrease in oil and gas revenue and a 2.4% increase in non-oil revenue. Qatar’s decisions are backed by a comparison with price estimates of oil prices predicted by various international institutions. 

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