Dubai approves 2014 budget that pares fiscal deficit by 41% | The National

Dubai approves 2014 budget that pares fiscal deficit by 41% | The National:

"The Dubai Government yesterday approved a budget for next year with a fiscal deficit pared down by 41 per cent compared to this year’s plan.

Spending was projected to rise by 11 per cent to Dh37.8 billion next year, according to data the Dubai Media Office released on its Twitter feed.

“The Dubai Government prefers to expand its expenditures to support the economy and contribute to the higher rates of economic growth,” Abdulrahman Al Saleh, the director general of Dubai’s Department of Finance, said via Twitter. Next year’s revenues would reach Dh37bn, up 13 per cent from this year, it said."

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