Steep fall in oil a threat to Gulf state spending - The National

Falling oil prices and rising fears of another global downturn could put pressure on government spending plans in the Gulf.

Regional governments have poured billions of dollars into everything from new schools to better roads and job creation schemes made possible by an unexpected two-year boom in oil markets.

Earlier this year, Saudi Arabia unveiled US$155 billion (Dh569.34bn) of spending on schools, hospitals and other social infrastructure in the next decade.

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