DUBAI: The UAE's Dubai ruler, Sheikh Mohammed bin Rashid Al Maktoum approved the emirate's budget for year 2022 with at a total expenditure of 60 billion dirhams (USD 16.3 billion), according to a tweet by Dubai Media Office.

Dubai’s budget for the fiscal years of 2022-2024 was approved for a total expenditure of 181 billion Emirati dirhams ($49 billion), Dubai’s deputy ruler said in a tweet on 26th Dec 2021.

The expected revenues of this year are 57.5 billion dirhams, the tweet added.