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FINANCIAL NEWS
Sharjah confirms USD5.98bn 2017 budget
04 Jan 2017
(MENAFN) Sharjah has approved USD5.98bn budget for this year, the largest in the emirate’s history, while it outlays 3 percent higher from 2016″s budget and focuses on areas like economic.
Meanwhile, the budget spending this year focuses on areas like national workforce investment and many social care provisions to enhance living standards of Emiratis.
Moreover, economic development has been allocated by 41 percent, reflecting the Emirate’s growing interest in boosting its economic competitiveness.
In addition, capital income shows 17.5 percent of the government”s total revenue, whereas customs makes up 7 percent, the Oil & Gas sector accounts for 1 percent.
M
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