Home / International/ Dubai 2019 budget to slow spending growth, sees small revenue rise

Dubai 2019 budget to slow spending growth, sees small revenue rise


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 2 January 2019 00:00

Facebook

 


DUBAI (Reuters): Dubai expects to slow the growth of state spending this year but continue spending heavily on infrastructure as it prepares to host the Expo 2020 world’s fair, a statement by the emirate’s ruler Sheikh Mohammed bin Rashid Al Maktoum said yesterday.

State spending will total 56.8 billion dirhams ($ 15.5 billion), Dubai’s 2019 budget plan said. That would be only a marginal increase from last year’s original budget plan of 56.6 billion dirhams which was a 19.5% rise from 2017.

Meanwhile, state revenues are projected to reach 51 billion dirhams this year, up 1.2% from last year’s budget plan, the statement said.

 


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS