gulfnews : Cut spending 20 to 25%, Dubai Government asks all departments

The Dubai government is asking its departments to reduce expenditure by 20 to 25 per cent in a bid to help the emirate achieve a budget surplus of Dh3-Dh3.5 billion until 2013, Ahmad Humaid Al Tayer, Member of the Supreme Fiscal Committee, told Gulf News.

“Fiscal prudence comes as the government looks to do some trimming of its own after running up deficits to the Dubai budget 2011,” he said yesterday.

“Thus to fill the resulting financing gap, expenditure by government bodies in Dubai should be cut by 20 to 25 per cent until 2013.”