Dubai expects to substantially increase state spending next year to stimulate th...
DUBAI - 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.
The increase is despite infrastructure spending being set to drop for a second consecutive year, to 8 billion dirhams, as the emirate nears the start of Expo 2020. It did not say what accounted for the planned additional spending, but did say salary and wage allowances in the 2020 budget accounted for 30% of total expenditure while grants and support accounted for 24%.
Excluding investment spending and non-recurring revenue it could achieve an operating surplus of 1.96 billion dirhams in 2020, the government said. It had projected an operating surplus of 850 million dirhams in 2019.
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