The estimated budget spending for the Gulf Cooperation Council (GCC) countries for the current year amounts to approximately $542.1 billion. Meanwhile, estimated government revenues amount to approximately $487.8 billion, with an estimated deficit of $54.3 billion.
Data issued by the Statistical Center for the Cooperation Council for the Arab States of the Gulf (GCC-Stat) shows that government revenues are directly affected by the movement in global oil prices, as oil revenues constitute the largest share of financial resources. Most GCC countries have estimated an increase in their spending in 2025 compared to their 2024 spending estimates. This increase is a determinant of growth in the GCC economies in general, directed towards completing infrastructure projects and stimulating growth in certain economic sectors to implement strategic development plans.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
