Dubai’s group of community leaders have recently discussed Dubai’s 2009 budget, which practically increases the country’s economic outlay by more than 40%.

The discussion was attended by several of the country’s bankers, economists, and senior bureaucrats. According to this group of corporate leaders, Dubai’s 2009 growth oriented budget was more focused on the development of more infrastructures. The group also adds that the emphasis towards infrastructure had somehow cushioned the impact of the global economic crisis on the country’s economy.

According to the country’s business community, Dubai’s fiscal strategy allowed the country’s local businesses to deal effectively with several short-term challenges brought about by the recent global economic slowdown.

The group of corporate executives has also compared the 2009 budget with the country’s fiscal strategy for 2008. Dubai’s 2008 budget was well managed and had boosted the country’s government revenues by 30%. As observed, a large bulk of Dubai’s total revenue for 2008 came from government investments in the UAE and abroad.

As for Dubai’s 2009 budget, a large part was allocated for the liquidity of infrastructure, market, and services. For 2009, one of the main priorities for Dubai was to drive more money into its market in order to attain stability in that area.

Post Author: guest

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