Qatar Cuts 2026 Budget by Up to 30% and Aid 85% After LNG Income Collapse
Updated
Updated · presstv.co.uk · Aug 23
Qatar Cuts 2026 Budget by Up to 30% and Aid 85% After LNG Income Collapse
2 articles · Updated · presstv.co.uk · Aug 23
Summary
$61 billion is the current size of Qatar’s 2026 budget, but authorities are cutting government spending by as much as 30% and overseas aid by roughly 85%, according to the Financial Times.
Iranian airstrikes on Ras Laffan and tight restrictions on energy transit through the Strait of Hormuz have sharply reduced Qatar’s LNG production and exports, hitting the state’s main source of income.
Ras Laffan — the world’s largest LNG facility — lost about 17% of production in the attacks, and repairs are expected to take up to five years, extending pressure on public finances.
Foreign-aid cuts would curb Qatar’s role in international programs, including support for the UN humanitarian office, which received about $1.5 billion from the country in 2025.