PNN – A Western media outlet reported that Qatar has cut its government budget by 30 percent due to a decline in revenue from liquefied natural gas (LNG) sales.
According to the report of Pakistan News Network the Financial Times reported that Qatar has reduced its government budget by 30 percent due to falling revenue from LNG sales.
The outlet added that Qatar is considering further cuts to cope with the repercussions of the US-Israeli war against Iran.
It continued by noting that Qatar has slashed government agency budgets by up to 30 percent and foreign aid spending by approximately 85 percent. These budget cuts follow a drop in liquefied natural gas (LNG) revenues.
The report further states that Doha has set its 2026 budget at approximately $61 billion but has not disclosed the extent to which ministry budget cuts will reduce this figure. Among the six Gulf States, Qatar faces the most severe downturn in 2026.
Tarek Yousef, a senior fellow at the Middle East Council on Global Affairs, said that if the crisis persists into the final quarter of the year, Doha will consider deeper cuts for the coming year.