"Gulf statistics": 542.1 billion dollars, the estimated spending of cooperation countries in 2025

2025/06/15 3:14:31 PM

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Muscat, June 15 / WAM / The estimated spending of the budgets of the Gulf Cooperation Council countries for the current year was 2025 .. 542.1 billion US dollars, while government revenues estimated at 487.8 billion US dollars, while the estimated deficit amounted to 54.3 billion US dollars, according to data issued by the statistical center of the cooperation countries.
The statistical center of the Gulf Cooperation Council countries indicated that government revenues in the countries of the Council are directly affected by the movement of global oil prices, as oil revenues constitute the largest percentage of financial resources, and countries follow a conservative approach in calculating the price of the drawing oil to estimate their general budgets to avoid international economic fluctuations and fluctuating global oil prices.

It is expected that government revenues will continue in relative stability, while oil prices remain at moderate to high levels.
The majority of the countries of the Cooperation Council estimated an increase in their spending in the year 2025 compared to the estimates of spending in the year 2024, where the increase in spending is considered one of the determinants of growth in the economies of the GCC states in general, which is directed to complete infrastructure projects and stimulate growth in some economic sectors, with the aim of implementing strategic development plans while the GCC states plan to finance the budgets through the withdrawal of reserves and local borrowing And external.