Tuesday 17 December 2019 | 20 Rabia II 1441 www.thepeninsula.qa Volume 24 | Number 8108 | 2 Riyals The world’s best footballers are here. And we’re loving it. Qatar unveils surplus Amir, Hamas chief review Palestine developments 2020 annual budget SATISH KANADY Amir H H Sheikh which constitute almost 43 percent THE PENINSULA Tamim bin Hamad of total expenditure, represent the largest share of the overall budget. Amir H H Sheikh Tamim bin Al Thani issued The allocation confirms Qatar’s Hamad Al Thani issued yesterday yesterday Law No. 26 continued commitment to provide Law No. 26 of 2019 approving the of 2019 approving the sufficient financial allocations to State's general budget for the year complete the main projects in the 2020. State's general budget health and education sectors, in The law is effective as of for the year 2020. addition to projects related to January 1, 2020 and shall be pub- hosting the 2022 World Cup. lished in the official gazette, QNA Development Strategy 2018-2022. According to the budget proposal, reported yesterday. The budget is expected to achieve the projected launch of the Sharq Qatar announced a surplus a surplus of QR500m. Crossing Project, linking Ras Abu 2020 annual budget with a pro- The general budget adheres to Aboud and West Bay, is expected jected QR211bn in revenue and the directives of H H the Amir to be completed within four years. QR210.5bn expenditure. The aimed to increase the efficiency of New projects worth QR11.5bn revenue forecast is based on an oil public spending and provide all the are projected to be awarded in price assumption of $55/barrel, the necessary financial resources to 2020. The Public Works Authority same level as in the 2019 budget. achieve sustainable development (Ashghal) is responsible for the The budgeted expenditure is within the framework of Qatar majority of those projects the highest in the past five fiscal National Vision 2030, the Ministry amounting to QR8.5bn in total. Amir H H Sheikh Tamim bin Hamad Al Thani met with the Head of the Political Bureau of the Palestinian years, reflecting the country’s of Finance said yesterday. They include various infrastructure Islamic Resistance Movement (Hamas) Dr Ismail Haniyeh and his accompanying delegation, at the commitment to the completion of Expenditure in ‘major projects’ projects such as roads, sewerage Amiri Diwan yesterday. The meeting reviewed the most important developments in Palestine. Dr multiple development projects increased by 0.6 percent to networks, landscaping, rainwater Haniyeh briefed H H the Amir on the latest developments in the Palestinian arena, especially the across multiple sectors, including QR90bn, compared with drainage and other utility and unfair blockade under which the Palestinian people in Gaza Strip are suffering. The Head of Hamas those related to National QR89.5bn in 2019. ‘Major projects’, maintenance services. `P2 expressed his thanks to H H the Amir for the valuable efforts undertaken by the State of Qatar to support the Palestinian people. H H the Amir affirmed the firm and supportive stance of the State of Qatar for the brotherly Palestinian people to achieve their legitimate national rights. 2020 ANNUAL BUDGET: KEY FIGURES MAJOR PROJECTS National Day Parade to begin Amir holds QR90bn phone call with QR211bn BUDGETED at 9.30am on Doha Corniche OIL PRICE / BARREL US President REVENUE SIDI MOHAMED Associated Activities of Qatar CURRENT EXPENDITURE THE PENINSULA National Day 2019 celebration. QNA Al Adba urged the public willing QR58bn DOHA QR210.5bn The Security Committee for to watch the Parade to reach the EXPENDITURE Qatar National Day 2019 activ- location as early as possible. $55 ities yesterday announced the He also added that 16 parking Amir H H Sheikh Tamim bin WAGES & SALARIES arrangements for the National locations have been specified for Hamad Al Thani held a tele- QR59bn Day Parade on Doha Corniche. the public to park their vehicles phone conversation with Pres- Brigadier Ali Khajeem Al and move to and from Corniche ident of the Un