Media ININ Economy We Trust
Media In Abu Dhabi, 2 January 2019,
The size and classification of the general budget of the public sector of the Emirate of Dubai in 2019 reflects a high degree of efficiency of matching the emerging tasks, the renewed vision and the future aspirations, according to the experts of financial and economic analysis.
In the opinion of the competent authorities in the figures of the General Budget Law for the public sector in Dubai and the method of sectoral allocations of allocations and expected revenues, as adopted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the State of Dubai as Ruler of Dubai a highly distinguished approach to transparency that combines the constants of diversification of resources And focus on non-oil macro-economics while continuing to develop Dubai’s entrepreneurial and investment profile and to equip the Expo 2020 benefits to be the best copies of the UN event throughout its history.
The budget of the government sector in Dubai is expected to rise to 2019 in the wake of the impressive successes of the International Monetary Fund (IMF) and all the international rating agencies, which document the ability of Dubai and the UAE to adapt to the fluctuations in oil prices over the last five years.
The immediate reading of figures and the breakdown of the public sector budget for Dubai 2019 shows that it maintained the size of the budget of 2018, which recorded the largest budget in the history of the emirate and in a detailed reading of its total figures of 56.8 billion dirhams, which proved to be more than the budget of 2018 as compensating for the reduction of revenues of some fees resulting from investment incentives that Which was adopted during the past It is noteworthy that the Government of Dubai was able in the year 2018 to achieve an operating surplus of 850 million dirhams as a result of adopting a disciplined fiscal policy, which helped to maintain the balance of 2019 standard size and continues to raise the competitiveness of the emirate to attract investment and strengthen the Sustainability and efficiency meet Vision 2021 requirements.
The figures show that, in contrast to the global economic slowdown, the public sector budget for 2019 follows an operational expansion of 5% over 2018, which indicates an expected growth in the real estate and service sectors as well as sustaining the best levels of health services Educational and social benefits of citizens and other services.
Public and administrative expenses and grant and support expenses accounted for 47% of total government expenditure, including AED 9.4 billion for infrastructure development and processing of future benefits with an estimated 2498 new job opportunities. These are digital signals that translate into Dubai’s increased operational and productivity capacity and maintain the expansionary momentum 2019 Activating the law of partnership between the public and private sectors and developing mechanisms for financing projects through long-term financing.
The most prominent headline of the public sector’s 2019 budget in Dubai remains the extent of the government’s interest in man as the true wealth of the nation. The social development sector in the areas of health, education, rehabilitation of youth, housing, and women and child care has accounted for 33% of total government spending. This reinforces confidence in the vision of good leadership that aspires to be the capital of economic diversification, innovation and leadership.
