Total government expenditures are set at AED 57.1 billion
Dubai’s government is expected to achieve public revenues of AED52.314 billion. That’s despite the measures adopted by the government that would reduce some fees and freeze their growth.
According to data, these revenues are based on ongoing operations in the emirate and do not rely on oil revenues.
Oil revenues account for 4% of the total projected revenues for the fiscal year 2021. This is in addition to developing the government revenue structure, which will enhance financial sustainability.
As to the non-tax revenues, which come from fees, they account for 59% of the total expected revenues. Meanwhile, tax revenues account for 31%, and government investment revenues represent 6% of the total expected revenues.
We’ve reported that N7.77 trillion worth of secondary market (Open Market Operations, OMO) treasury bills were sold by the Central Bank of Nigeria.