Monday 31 December 2012

Dubai to raise gov't spending to $9.28bn in 2013 - Banking & Finance - ArabianBusiness.com

Dubai on Monday announced its budget for 2013 with spending set to rise by nearly AED2bn to AED34.1bn ($9.28bn).
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum approved next year's budget which also forecast a near-eight percent increase in public revenues.
It also said that six percent of public spending has been allocated to debt servicing in 2013.

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