Hussain Nasser Lootah, Director-General of Dubai Municipality revealed that the Municipality has approved Dh4.393 billion budget for the current year.
"As per the approved financial studies on the various services provided by Dubai Municipality, the civic body's income is expected to reach Dh4.865bn this year, that means a surplus of up to Dh472m," he said.
Lootah said Dh2.5bn has been allocated for the completion of construction projects this year, which reiterates Dubai Government's support for the completion of infrastructure projects that propel the economy.
He added that Dubai Municipality is pursuing strict fiscal policies in its work, especially through the rationalisation of expenditures, which contribute to the general budget support to the Government of Dubai.
On the other hand, Lootah said, Dubai Municipality last year completed the initial stages of a group of large projects such as Wastewater Treatment Plant in Jebel Ali, Sheikh Hamdan Bin Rashid Al Maktoum Awards Complex, Al Warsan Nursery project and the basic infrastructure for the Olympic Swimming Pool project and a number of construction projects for public parks. He noted the total cost of these projects amounted to approximately Dh5bn.
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