Dubai sets spending in 2022 fiscal budget at $16.3bn

Dubai sets spending in 2022 fiscal budget at $16.3bn

DUBAI: The UAE's Dubai ruler,. Sheikh Mohammed bin Rashid Al Maktoum approved the emirate's budget for 2022 with at a total expenditure of 60 billion dirhams ($16.3 billion), according to a tweet by Dubai Media Office. Dubai’s budget for the fiscal years of 2022-2024 was approved for a total expenditure of 181 billion Emirati dirhams ($49 billion), Dubai’s deputy ruler said in a tweet on Sunday. The expected revenues this year are 57.5 billion dirhams, the tweeted added.