Dubai: All talk of the emirate of Dubai being in financially constrained times were thrown out the door this weekend with the 2009 budget showing massively increased spending - and ports and shipping form a core of the projected spending. The Dubai Government on Saturday formally announced its budget for 2009 with a 42 per cent jump in government spending to Dh37.7 billion against Dh33.5 billion in revenues that could result in a Dh4.2 billion deficit, or 11.14 per cent of the budget.
As much as Dh17.05 billion, or 45 per cent of the budget, has been earmarked for infrastructure, public transport - the Roads and Transport Authority (RTA), Dubai Metro, Dubai Municipality projects, and the Dubai Ports Authority. [12/01/09]
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