Dubai: The Government of Dubai on Saturday announced Dh37.7 billion public sector spending in its 2009 budget which is 42 per cent higher than the previous year.
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued a decree announcing the budget.
The budget estimates a 26 per cent increase in revenue from the public sector to Dh33.5 billion in 2009 from Dh26.5 billion last year.
Announcing a first time budget deficit of Dh4.2 billion, Nasser Hassan Al Shaikh, Director General of Dubai Department of Finance said: "In line with the directives of His Highness Shaikh Mohammad, the budget for the public and services sector is aimed at conserving the dynamic growth Dubai has witnessed in the past few years
His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, issued a decree announcing the budget.
The budget estimates a 26 per cent increase in revenue from the public sector to Dh33.5 billion in 2009 from Dh26.5 billion last year.
Announcing a first time budget deficit of Dh4.2 billion, Nasser Hassan Al Shaikh, Director General of Dubai Department of Finance said: "In line with the directives of His Highness Shaikh Mohammad, the budget for the public and services sector is aimed at conserving the dynamic growth Dubai has witnessed in the past few years
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