Dubai 2020 budget sets record spending to boost growth ahead of Expo - Reuters:
Dubai expects to substantially increase state spending next year to stimulate the emirate’s economy and support the Expo 2020 world fair, according to the 2020 budget released on Sunday.
State spending will increase by 17% to a record 66.4 billion dirhams ($18.1 billion), compared with the original budget plan of 56.8 billion dirhams for 2019, state news agency WAM reported.
Budgeted infrastructure spending will drop for a second consecutive year in 2020, this time to 8 billion dirhams, as the emirate nears the start of Expo 2020.
The government has spent heavily in preparation of the six-month-long World’s Fair, which starts in October, although it tapered its investment as associated projects were completed.
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