His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, approved Dubai’s budget for 2019 with total expenditures of Dh56.8 billion.
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General and administrative expenses, grants and subsidies represent 47 per cent of total expenditure, which is up by 5 per cent.
The disciplined financial policies of the Government of Dubai achieved an operating surplus of Dh850 million.
The budget will create 2,498 new jobs in 2019, said a statement posted on Sheikh Mohammed’s website.
Dubai’s 2018 budget was Dh56.6 billion budget with a focus on infrastructure projects led by Expo 2020 and social development programmes to create more than 3,100 jobs next year.
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