Complex Made Simple

Dubai’s 2011 budget approved

Dubai's 2011 budget ruler has been approved with a deficit of Dhs3.778bn ($1.03bn), Reuters has reported. The emirate's spending is projected at Dhs33.684bn in 2011, down from Dhs35.401bn planned for 2010, while revenue was estimated at Dhs29.906bn, slightly above Dhs29.411bn projected for the previous year. The budget shortfall had been set at Dhs5.99bn for 2010.