Dubai passes first deficit-free budget since crisis - The Economic Times

Dubai passes first deficit-free budget since crisis - The Economic Times:



"Dubai announced Saturday adoption of a balanced budget for 2015, the first time there has been no shortfall since the global financial crisis.



Spending and revenues are both projected at 41 billion dirhams ($11.2 billion/9.3 billion euros), according to an official statement cited by the official WAM news agency.



Spending is set at 9.0 per cent higher, while revenues are projected to be up 11 per cent. "



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