Economics
Dubai Budget Policy Turns ‘Expansionary’ With $15.5 Billion Plan
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Dubai’s government expects to spend 57.1 billion dirhams ($15.5 billion) next year as it tries to mitigate the impact of the coronavirus, according to the budget approved on Sunday.
The program takes into account “the exceptional economic conditions of the fiscal year 2020 and the repercussions of the Covid-19 pandemic on the global economy,” according to a statement on the website of Sheikh Mohammed Bin Rashed Al Maktoum, Prime Minister of the United Arab Emirates and ruler of Dubai.