The Dubai Government aims to cut its spending by 4.5 per cent next year as part of a long-running effort to streamline operations while continuing to invest in infrastructure.
A budget approved yesterday by Sheikh Mohammed bin Rashid, Vice President of the UAE and Ruler of Dubai, called for Dh32.26 billion (US$8.78bn) of government spending next year against anticipated revenues of Dh30.4bn, resulting in a projected Dh1.8bn deficit.
That spending was about Dh1.42bn less than the amount outlined in this year's budget, reflecting an effort to improve efficiency and save money across government departments.
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