Dubai approves lower spending budget for 2021 | ZAWYA MENA Edition
Dubai has unveiled a spending plan worth 57.1 billion UAE dirhams ($15.5 billion) for fiscal year 2021, a decline of 9.3 billion dirhams from the 2020 outlay.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister of the UAE, approved the allocation, which takes into account the “exceptional economic conditions” of the current year and the “repercussions” of the coronavirus pandemic on the global economy.
More than a third of the new outlay (35 percent) will go to the salary and wage allowances of government staff, “to ensure family and community stability”. Grant and support expenditures account for 26 percent, while 9 percent will be used to “maintain the volume of investments in infrastructure”.
Last year, Dubai approved a 2020 government spending plan of 66.4 billion dirhams, said to be the biggest ever.
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