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FINANCIAL NEWS
Dubai Municipality’s 2011 budget surplus at USD571m
09 Feb 2012
(MENAFN) Dubai Municipality said that in 2011, it accomplished a budget surplus of USD571 million, reported Khaleej Times.
The municipality added that the surplus resulted mainly from rationalization of expenses in operational activities, adding that it applied 9 programs for the rationalization of expenses in operational activities, saving USD66.68 million, and in projects saving USD32.66 million.
It also said that in the field of income developments, it applied 4 programs saving USD89.28 million.
It is worth noting that the overall benefits in 2011 totaled USD188.6 million.
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