INFRASTRUCTURE SECTOR RECEIVES 30% OF SHARJAH BUDGET, SAYS CHAIRMAN OF FINANCE DEPARTMENT

SHARJAH, United Arab Emirates, Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Central Department of Finance in Sharjah, stressed that, infrastructure received about 30 percent of total government expenditures, in the general budget of the emirate for 2017, reaching some AED22 billion (USD6 billion), resulting in this budget being the largest in the history of the emirate.

”The increase in infrastructure spending, amounts to seven percent more than in 2016,” he noted.

Though the budget funds economic, social, scientific and cultural sectors, he affirmed, the most important priority remains investing in the infrastructure of the emirate, along with providing social support that serves the citizens and their everyday needs.

He added that the budget took into account its role in stimulating the economy of the emirate to achieve high economic growth and guarantee the strengthening of the role of Sharjah in the national and international economic communities.

For his part, Waleed Al Sayegh, Director-General of the Central Department of Finance in Sharjah, said, the budget focused on the relative importance of the economic development sector, accounting for 41 percent of the total budget, as this reflects the level of interest in economic development and its impact on improving the competitive position of the emirate.

He noted that the emirate cares deeply about community development and education, as well as, for human beings, as they remain the strategic priority in the leadership’s plan.

Source: NAM NEWS NETWORK