gulfnews : Dubai budget shows strong desire to get a grip on debt

The global financial crisis of 2008 taught governments and financial institutions that it pays to be cautious and remain conservative.
The Dubai Government's Dh32.25 billion budget for 2012 can be seen in this context. It is much smaller in size, compared to the previous budgets. It is, no doubt, conservative.
The budget reflects "continued efforts to raise the efficiency of government spending through increasing productivity and improving economic and social returns", as stated by the government.

* username: rupertbu