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Thursday, 22 December 2016

Dubai budget: emirate to boost infrastructure spending for Expo 2020 | The National

Dubai budget: emirate to boost infrastructure spending for Expo 2020 | The National:
"Dubai plans to increase infrastructure spending next year as the emirate unveils a Dh47.3 billion budget to create thousands of jobs.

The construction sector will receive a major boost from a 27 per cent jump in spending as the emirate prepares for Expo 2020.

The budget shows a 3 per cent rise in Government expenditure, state news agency Wam reported yesterday, while revenues will be lower owing to the restructuring of the budget. It anticipates a deficit of Dh2.5bn, representing 0.6 per cent of GDP."

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