Dh20.3 Billion Sharjah Budget To Create 2,500 Jobs
Budget sees two per cent increase in spending
Sharjah government on Sunday released its Dh20.3-billion 2016 budget, announcing creation of 2,500 new jobs and raising spending by two per cent. According to Waleed Al Sayegh, Director General of the Finance Department of the Government of Sharjah, six per cent of the budget has been allocated for assistance and support. The current general budget focuses on many strategic objectives and indicators of the economic, social, scientific and cultural fields. This includes the promotion of investment in a national workforce and resources, and a larger role for them in the construction process, as well as the achievement of sustainable development.
Sharjah’s annual budget for 2016 involves a 2% increase of government spending allocations in the emirate, in comparison with the 2015 budget, with a focus on the indicators of government spending efficiency in the emirate. Waleed Al Sayegh said: “The revenue’s increase of 8% shows Sharjah’s strategic approach to diversifying resources; the general budget has taken into consideration changes in the world economic climate and shows the capabilities of Sharjah to move forward and to achieve sustainable growth.”
The total expenditure approved in Sharjah’s general budget for 2016 amounts to Dh20.3 billion divided among the various sectors as follows:
Courtesy: Gulf Jobs