The estimated budget expenditures of the Gulf Cooperation Council (GCC) countries for the current year 2025 amounted to USD 542.1 billion, while the estimated government revenues reached USD 487.8 billion, while the estimated deficit reached USD 54.3 billion, according to data issued by the GCC-Stat.
The GCC-Stat indicated that government revenues in the GCC countries are directly affected by the movement of global oil prices, as oil revenues constitute the largest proportion of financial resources. Countries follow a conservative approach in calculating the break-even oil price to estimate their general budgets to avoid international economic fluctuations and fluctuations in global oil prices.
Government revenues are expected to remain relatively stable, with oil prices remaining at moderate to high levels.
Most GCC countries have projected an increase in their spending in 2025 compared to their 2024 estimates. Increased spending is a determinant of growth in the GCC economies in general, directed toward completing infrastructure projects and stimulating growth in certain economic sectors, with the aim of implementing strategic development plans. Meanwhile, GCC countries plan to finance budget deficits through drawing on reserves and domestic and foreign borrowing.
source/content: wam.ae (headline edited)
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ARABIAN GULF