Doha, Qatar – The Shura Council convened Monday to discuss Qatar’s growing international role, particularly in African peace initiatives, and review the draft state budget for the fiscal year 2026. The council praised the Amir HH Sheikh Tamim bin Hamad Al-Thani’s recent visit to Rwanda, the Democratic Republic of the Congo, and South Africa, and his participation in the G20 Summit preparations, highlighting Qatar’s commitment to regional stability. Discussions centered on bolstering Qatar’s economic diversification and ensuring fiscal sustainability.
Qatar Strengthens African Ties and Focuses on Economic Stability
The Shura Council emphasized that the Amir’s visit signaled Qatar’s increasing prominence in supporting dialogue and stability across Africa. This strengthened engagement comes as Qatar actively participates in international efforts to address growing regional and global challenges. The Council cited the progress made in the Doha Framework for the Peace Agreement between the DRC government and the M23 movement as a key example of Qatar’s mediating role.
Positive Outcomes and Investment
Members welcomed the outcomes of the visit, which included the signing of several memoranda of understanding and the announcement of new investment partnerships. These partnerships are expected to foster cooperation in various fields, contributing to economic growth in both Qatar and the African nations involved. Additionally, the international community has recognized and commended Qatar’s contribution to the DRC peace process, according to the council’s statement.
This expanded diplomatic and economic activity in Africa represents a shift toward increased South-South cooperation, a trend gaining momentum globally. This aligns with Qatar’s broader foreign policy objectives, seeking to build strong relationships with nations across the developing world. The heightened activity also showcases an initiative to build upon existing strategies for Gulf Standardisation Organisation cooperation in the region.
Draft State Budget for 2026 Prioritizes Sustainable Development
Turning to domestic matters, the Council deliberated on the draft state budget for the fiscal year 2026, with Minister of Finance HE Ali bin Ahmed Al Kuwari providing a detailed briefing. The Minister outlined the budget’s main priorities, centering on spending efficiency, continued support for crucial sectors, and deepening financial sustainability. This comes amidst ongoing global economic uncertainty and a fluctuating energy market.
The budget’s framework demonstrates a continuation of Qatar’s long-term economic strategy, as outlined in Qatar National Vision 2030, which prioritizes sustainable development and diversification away from reliance on hydrocarbons. According to the minister, significant resources will be allocated to health, education, and infrastructure projects, reflecting ongoing investments in human capital and long-term economic growth. The minister also responded to queries from council members regarding specific budget allocations.
Council members expressed approval for the Ministry of Finance’s efforts in preparing the draft budget, lauding the clear vision and balance between development requirements and prudent fiscal management. They emphasized the importance of continued economic diversification, particularly through supporting non-oil sectors and investing in knowledge and technology. This reinforces the country’s commitment to Qatar’s economic diversification and long-term stability.
Furthermore, members underscored the need for increasing the efficiency of government spending and prioritizing ventures that contribute to sustainable development. They also highlighted the importance of maximizing the impact of investments to improve the quality of life for citizens and residents. The focus on fiscal responsibility reflects broader concerns about managing public finances effectively in a changing global landscape and ensuring long-term financial planning.
The Shura Council’s review of the draft budget is a crucial step in Qatar’s budgetary process. It will now be further analyzed by specialized committees within the Council before a final vote is scheduled. The Council is expected to announce its decision on the budget before the end of the year, and its implementation will be a key indicator of Qatar’s progress towards its economic and developmental goals. This will also be impacted by the global energy outlook and potential shifts in international investment strategies.
The next step involves detailed committee reviews of the budget proposals, and a final voting on the state budget will take place at a later date, with particular attention given to revenue projections and potential adjustments based on evolving global economic conditions.
