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