#Sharjah announces 'biggest budget in history of emirate' | ZAWYA MENA Edition

Sharjah announces 'biggest budget in history of emirate' | ZAWYA MENA Edition:

The government of Sharjah has allocated a higher budget for 2020 as part of its plans to increase spending across several sectors. A 2 percent increase over the previous year’s budget makes it the largest in the history of the emirate.

Shaikh Sultan bin Mohammed Al Qasimi, supreme council member and ruler of Sharjah announced the budget at 29.1 billion UAE dirhams. The funding will primarily boost the government’s investments towards the improvement of the emirate’s infrastructure and fuel economic growth.

It will also boost expenses in social programs, economic activities, culture and education, among other sectors.

A huge chunk of the budget (33 percent), will go towards infrastructure development, a 10 percent increase over the 2019 budget. Close to 36 percent of the budget is earmarked for economic development, a statement said.