Israel's war with Iran incurred 35 billion shekels ($11.52 billion) in budgetary expenses, with 22 billion shekels of that going to defence, the Finance Ministry said on Sunday, citing a preliminary estimate.
Kuwait has forecast a fiscal deficit of KD9.8 billion ($31.9 billion) in its draft 2026-2027 budget, a sharp 54.7 percent rise over the current fiscal year's deficit.
India raised public capital expenditure while keeping its fiscal consolidation plan intact in its Union Budget for 2026, signalling continued reliance on state-led investment to support growth amid global uncertainty.
The 2026 general budget for the UAE emirate of Sharjah, which proposes a total expenditure of AED44.5 billion ($12.12 billion), has been approved by His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah.
The Kingdom of Saudi Arabia's 40% budget and expenditures are now being financed by non-oil revenues, and notably, 90% of FDI in the country is non-oil, said its senior minister at the Future Investment Initiative (FII9) summit in Riyadh.
His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has approved new support measures through the Sharjah Social Services Department to help improve the lives of local residents.
Saudi Arabia's Minister of Finance and Chairman of the National Debt Management Center (NDMC) Mohammed Aljadaan has approved the annual borrowing plan for the fiscal year 2026, following its endorsement by the Board of Directors of NDMC.
Oman's General State Budget for 2026 forecasts total public expenditure of approximately RO11.977 billion ($31.15 billion), rising by 1.5 percent from the approved expenditure for 2025.
