Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Dubai to Have Lowest Budget Deficit in Five Years, Alrroya Says

May 14 (Bloomberg) -- Dubai is expected to achieve its lowest budget deficit in five years as it reduces spending on development and infrastructure projects, Alrroya Aleqtissadiya reported, citing a government official it didn’t identify.

Dubai’s budget deficit is expected to be 50.6 percent, or 1.8 billion dirhams, in 2012, the newspaper reported. Government spending on infrastructure this year will be 5.9 billion dirhams, down from 7 billion dirhams in 2011, the newspaper reported.

To contact the reporter on this story: Zainab Fattah in Dubai at zfattah@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.