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Dubai government looks for spending cuts

21 May 2011

Ahmad Humaid Al Tayer, member of Dubai's Supreme Fiscal Committee has said government departments have been asked to cut spending by 20% to 25% in a bid to help the emirate achieve a budget surplus of Dhs3bn-Dh3.5bn until 2013, Gulf News has reported. "Fiscal prudence comes as the government looks to do some trimming of its own after running up deficits to the Dubai budget 2011. Thus, to fill the resulting financing gap, expenditure by government bodies in Dubai should be cut by 20% to 25% until 2013," Al Tayer told the daily.

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