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.
General revenues are estimated at Dh51 billion this year, up 1.2 per cent from 2018. General and administrative expenses, grants and subsidies represent 47 per cent of total expenditure, which is up by 5 per cent. While expenditure on the health, education and housing sectors represents 33 per cent of the total budget.
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.
By Waheed Abbas
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