What is the breakdown of social development versus economic development in the upcoming budget?
Economic development and social development are two of the five pillars of Dubai Strategic Plan 2015. Those two together form the future of Dubai. Thus the Government decided to allocate 22 per cent of this year’s government spending to social development and 78 per cent to economic development. I would also like to highlight the fact that in order to achieve our strategic goal of growth and development, it is of utmost importance to further develop our education system, healthcare system as well as preserve our culture and national identity in an era of globalisation and fast-track technological advancement. Thus we continuously endeavour to balance, contrast and compliment spending both on pure economic market-driven goals as well as social objectives. Rising spending by both Government and the private sector has been one of the reasons for rising inflation in the country. Do you think the rising inflationary situation warrants a reduction in government spending? Inflation is a globa
