DUBAI (Sputnik) — According to a the ministry's press release, the budget expenditures in 2016 will amount to $224 billion, which is 14 percent lower than the actual value of the current year. The main items of expenditure are defense and security, to which the government allocates $57 billion.
Budget revenue in 2016 is projected at $137 billion, which is 15 percent lower than the actual revenue in 2015.
According to the data, the 2015 budget deficit amounted to $98 billion, exceeding the budgeted level 2.5 times.
