Sharjah announces 2017 budget, increases infrastructure spending
The infrastructure sector was allocated about 30 per cent of total government expenditures in the general budget of the emirate for 2017, reaching some AED22 billion, resulting in this budget being the largest in the history of the emirate.
''The increase in infrastructure spending amounts to seven per cent more than in 2016,'' stated Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Central Department of Finance in Sharjah.
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. According to market reports, though the budget funds economic, social, scientific and cultural sectors, 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.
Waleed Al Sayegh, Director-General of the Central Department of Finance in Sharjah, highlighted that the budget focused on the relative importance of the economic development sector, accounting for 41 per cent 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.