Dubai Unveils Balanced Budget for 2015

//Dubai Unveils Balanced Budget for 2015

Dubai Unveils Balanced Budget for 2015

By | 2015-01-04T09:03:36+00:00 January 4th, 2015|Middle East|0 Comments

DUBAI—Dubai’s government is expecting to run a balanced budget in 2015, even as it increases spending by 9% compared with a year earlier, an official statement said.

The no-deficit budget would be Dubai’s first in the six years since the global financial crisis. It reflects strong local economic growth coupled with a boost in expected revenues from taxes and real-estate transaction fees, according to a statement on Saturday carried by…