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Abdulrahman Al Saleh: Dubai is able to meet its obligations without relying on any fee increases

2019-10-19T15:16:32.742Z

The Director General of the Department of Finance in Dubai, Abdul Rahman Saleh Al Saleh, said that the continued development of the balance sheet performance of Dubai during the past five years, reflects the keenness of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the sustainability of the system



The Director General of the Department of Finance in Dubai, Abdulrahman Saleh Al Saleh, said that the continued development of the balance sheet performance of Dubai during the past five years, reflects the keenness of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to sustain the financial system in Dubai, and stimulate entrepreneurship through economic incentives attractive to more investment, which increases the level of competitiveness of the emirate and strengthen its position as a global investment center.

He stressed during a meeting organized by the Dubai Government Media Office in a series of "session with an official", with the participation of a group of editors of local and international newspapers operating in the country, that Dubai is able to pay its sovereign debt, according to the program specified financial benefits, and able to meet all financial obligations without Rely on any fee increases.

Al Saleh added that expansionary spending on infrastructure projects in Dubai and projects related to Expo 2020 comes at the top of the public budget priorities to ensure completion as required and ahead of schedule.

Al Saleh stressed that there has been no increase in government fees since the decision to freeze the increases in fees issued in March 2018, pointing out that the decision did not in any way affect the solvency of the Government of Dubai, which is flexible and diverse.

He pointed out that the Dubai government reduced some government fees in June 2018, out of its keenness to support the business sectors, stressing that this reduction has had little impact on the performance of the government budget, although it led to a decline in revenues by about two billion dirhams over 12 months Until June of this year.

Source: emara

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