Sunday, 27 December 2015

Dubai budget emphasises social aspect of development | GulfNews.com

Dubai budget emphasises social aspect of development | GulfNews.com:

"The Dh46.1 billion annual budget of Dubai approved by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai on Sunday, focuses on maximum resource allocation social aspect of development in the emirate.

“The benefit of the budget has reflected the directives of Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, who emphasised the need for attention to the social aspect and development of investment incentives, which contributed to the high ranking in global competitiveness,” said Abdul Rahman Saleh Al Saleh, Director General of Government of Dubai’s Department of finance.

The distribution of government expenditure focuses on human development. General and administrative expenses, capital expenditures and grants and subsidies accounted for 45 per cent of total government spending in 2016."



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