DUBAI - Qatar recorded a budget surplus of 19.7 billion Qatari riyals ($5.40 billion) in the first quarter of 2023, its state news agency said on Monday, citing the finance ministry.

Total revenues for Q1 stood at 68.6 billion riyals, of which 63.4 billion were oil and gas revenues, the Qatar News Agency statement said, while non-oil revenues amounted to 5.2 billion riyals.

($1 = 3.6450 Qatar riyals)

(Reporting by Rachna Uppal; Editing by Jon Boyle)