Dubai avoids deficit in Dh41 billion budget for 2015 | The National

Dubai avoids deficit in Dh41 billion budget for 2015 | The National:



"The government of Dubai has unveiled a 2015 public expenditure plan for growth and jobs in a deficit-free budget that hits levels not seen since the global financial crisis.



The budget was approved by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai. It will lead to the creation of 2,530 jobs for citizens in the emirate. “The human being is the wealth of the nation,” Sheikh Mohammed said.



At Dh41 billion, up 9 per cent from last year, the budget will see the biggest public expenditure since 2009. It aims to continue to stimulate economic growth, while “strict financial policies” are expected to produce an operating surplus of Dh3.6bn."



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