UAE - Mubasher: Sheikh Mohammed bin Rashid Al Maktoum has adopted the Dubai Government's general budget for 2021 with AED 57.1 billion ($15.55 billion) expenditures.
The newly-approved budget focuses on implementing economic growth and financial sustainability and increase the private sector contribution to economic growth, taking into account the coronavirus (COVID-19) economic repercussions in 2020.
Under the new budget, the infrastructure and transportation sector accounts for 41% of the total spending, while social development and security, justice, and safety represent 31% and 22%, respectively.
Meanwhile, salary and wage allowances account for 35% of total government expenditures, while 26% of the government spending will be allocated for grant and support expenditure.
In 2021, the Dubai government is forecast to generate public revenues of AED 52.314 billion, despite the economic incentive measures approved to reduce some fees and freeze the increase in fees.
The Executive Director, Planning, and General Budget Sector at the Department of Finance (DOF), Arif Abdulrahman Ahli, said: "Initial estimates for 2021 suggest that GDP will see 4% growth, supported by the continued recovery of economic activities."
