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Dubai sets 2011 budget deficit at $1 billion

Posted on 13 January 2011

From Tradearabia.com: Dubai’s ruler approved a state budget for 2011 with the smallest deficit, at around 1.1 per cent of GDP, since 2007 as spending on development projects in the debt-laden emirate dips, the government said on Wednesday.
The 2011 deficit was set at Dh3.78 billion ($1 billion), equivalent to 1.1 per cent of gross domestic product in 2008, the latest year for which full economic output data is available. A gap of Dh5.99 billion was projected for 2010……………………………………….Full Article: Source

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