Media ININ Economy We Trust
10-03-2019 Media in Dubai
The Department of Finance of the Government of Dubai held the annual governmental meeting on the definition of the government budget with the participation of 55 government agencies. The fiscal year 2019 held at the Dubai Police Officers’ Club witnessed the participation of a large number of government officials, including general managers, executives, financial managers and officials in the institutional and strategic support sectors.
The aim of the forum is to define the budget entities and their details, the expenditure on the main sectors and the expected revenues from these sectors, as well as the developments in expenditures and revenues over the past ten years, highlighting the IMF’s expectations for economic growth in the Emirate of Dubai.
Mr. Arif Abdulrahman Ahli, Executive Director of the Planning and Budget Department at the Dubai Department of Finance, presented the total expenditures approved in the 2019 budget amounting to 56 billion and 800 million dirhams. (12 billion and 338 million dirhams), the social development sector (18 billion and 866 million dirhams) and the sector of government excellence, innovation and innovation (2 billion and 990 million dirhams).
The Executive Director of the Planning and Budget Department in Dubai’s Department of Finance said: “The IMF expects the economy to grow by 3 percent this year and 3.3 percent next year. Growth of public investment in infrastructure, Expo 2020 projects, expansion of metro lines and Dubai South, as well as economic diversification initiatives supported by the Dubai 2021 Plan, Dubai Industrial Plan and a series of initiatives for stimulating the local economy and selecting value added sectors
The Department of Finance of the Government of Dubai held the annual governmental meeting on the definition of the government budget with the participation of 55 government agencies. The fiscal year 2019 held at the Dubai Police Officers’ Club witnessed the participation of a large number of government officials, including general managers, executives, financial managers and officials in the institutional and strategic support sectors.
The aim of the forum is to define the budget entities and their details, the expenditure on the main sectors and the expected revenues from these sectors, as well as the developments in expenditures and revenues over the past ten years, highlighting the IMF’s expectations for economic growth in the Emirate of Dubai.
Mr. Arif Abdulrahman Ahli, Executive Director of the Planning and Budget Department at the Dubai Department of Finance, presented the total expenditures approved in the 2019 budget amounting to 56 billion and 800 million dirhams. (12 billion and 338 million dirhams), the social development sector (18 billion and 866 million dirhams) and the sector of government excellence, innovation and innovation (2 billion and 990 million dirhams).
The Executive Director of the Planning and Budget Department in Dubai’s Department of Finance said: “The IMF expects the economy to grow by 3 percent this year and 3.3 percent next year. Growth of public investment in infrastructure, Expo 2020 projects, expansion of metro lines and Dubai South, as well as economic diversification initiatives supported by the Dubai 2021 Plan, Dubai Industrial Plan and a series of initiatives for stimulating the local economy and selecting value added sectors
