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  • 30-10-19

    UAE announces USD16.6bn budget for 2020 without shortfall

    (MENAFN) UAE's prime minister and Vice President and Ruler of Dubai, Sheikh Mohammed bin Rashid, has made an announcement on Tuesday that a USD16.6 billion budget has been approved for 2020.

    Sheikh Mohammed said in a tweet that he has presided over a meeting of the Council of Ministers during which "we approved the budget of the Union for the year 2020 with a total of USD16.6 billion and without a deficit".

    He said that one third of the budget is allocated to the social development sector, one third to government affairs and the rest to infrastructure, economic resources and living benefits.

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