Qatar’s Emir Sheikh Tamim bin Hamad al-Thani said on Tuesday that government revenue is down 42 percent for the first half of 2026 due largely to the impact of the Iran war.
\n\n“The crisis naturally had an adverse impact on public finances, with total revenues falling by 42 per cent during the first half of the year, while public expenditures decreased by 14 per cent — all without compromising essential services or development priorities,” the emir told the Shura Council, a nominal legislature appointed by the emir that mostly fills an advisory capacity.
\n\n“The closure of the Strait of Hormuz, along with direct damage to some energy facilities in Ras Laffan Industrial City, has disrupted a significant portion of the country’s exports,” he explained.
\n\n“We decided against curtailing essential services and chose not to alter development priorities, aiming to sustain the economic momentum Qatar is experiencing,” he said, crediting financial reforms such as reduced public debt, and developing revenue streams other than oil, for cushioning the blow from the war.
\n\nRas Laffan is the site of Qatar’s main complex for processing liquified natural gas (LNG). Qatar is the second-largest producer of LNG in the world, behind only the United States…
Original source: https://www.breitbart.com/economy/
