Gulf Times - spending
Qatar budget deficit 'may fall to 5% of country’s GDP'

Qatar budget deficit 'may fall to 5% of country’s GDP'

Qatar’s budget deficit may fall to 5% of the country’s GDP this year, or $8.7bn, and then “shrinking further” through to 2019, mainly due to “increasing hydrocarbon receipts and the ongoing consolidation” of current spending.

Oman 2017 state budget projects smaller deficit

Oman 2017 state budget projects smaller deficit

A 2017 state budget plan released by Oman's government on Sunday projected a smaller deficit but maintained tight curbs on spending because of low oil prices, which are hurting state revenues.

Qatar cuts spending on new health facilities - official

Qatar cuts spending on new health facilities - official

Qatar has cut its planned spending on building healthcare facilities by about two-thirds this year following the drop in energy prices but expenditure on its World Cup-related projects should be unchanged, an official said.

Qatar residents' luxury spending 'still buoyant'

Qatar residents' luxury spending 'still buoyant'

Notwithstanding the downturn in the energy front, Qatar’s residents average monthly spend on luxuries stood at $4,000 in 2015, which is twice that of the Gulf average, according to American Express (Amex).

Oman studying 7-8% cut in electricity subsidies

Oman studying 7-8% cut in electricity subsidies

Oman's cabinet is considering changing electricity tariffs to save the government money which it spends on subsidies, a senior official said.

British finance minister warns of 'cocktail' of risks in 2016

British finance minister warns of 'cocktail' of risks in 2016

British finance minister George Osborne has warned the economy faces a "dangerous cocktail of new threats" in 2016, insisting on the need to remain strict on public spending.

Oman cuts 2016 spending, faces $8.6bn deficit

Oman cuts 2016 spending, faces $8.6bn deficit

Oman will cut spending this year by 15.6% in the face of lower oil prices but still faces a huge deficit after posting one in 2015.

Dubai to increase 2016 spending 12% on balanced budget

Dubai to increase 2016 spending 12% on balanced budget

Dubai plans to raise spending by 12% next year, balancing that out with identical growth in revenue, on a budget of 46.1bn dirhams ($12.6bn), the government said on Sunday