In March 2014, Qatar’s minister of finance, Ali Shareef Al Emadi, unveiled the largest annual budget in the country’s history. At QR225.7bn ($62bn), the ambitious expenditure plans will support the final stages of a 2011 to 2016 medium-term development strategy, with a focus on meeting upcoming infrastructure needs, as well as driving the country towards its 2030 development vision.
Representing a 3.5% increase from the previous fiscal year, the budget is expected to provide fresh impetus to non-hydrocarbon growth, as the economy continues its swift diversification away from oil- and gas-based activity.