Home Industry Finance Dhs2.1bn Surplus For Dubai Municipality The civic body said that cost-cutting measures were implemented to achieve a budget surplus in 2011. by Aarti Nagraj February 9, 2012 Dubai Municipality announced that reducing expenditures by Dhs693 million, helped the body to achieve a budget surplus of Dhs2.1bn in 2011. The rationalisation of expenses in operational activities saved Dhs245 million, in projects saved Dhs120 million, and four programmes in the field of income developments helped the Municipality save Dhs328 million, according to Mohammed Abdul Karim Julfar, assistant director general of Dubai Municipality. It is essential to develop a rational budget to meet the actual needs of organizational units and exploit human and material resources in the implementation of programmes and projects without resorting to outsourcing, said Julfar. “They [the financial department] could also expand partnerships with the private sector in the implementation of investment projects and sponsoring community events,” he said. According to Saif Al Shamsi, director of the finance department, initiatives undertaken helped the civic body to reduce costs in the general budget by 19 per cent, operating expenses by 10 per cent and projects by 25 per cent in 2011 compared to 2010. Tags Breaking News Management 0 Comments Share Tweet Share Share You might also like Why company structure affects customer service Paving a path to build resilience within the FMCG industry What to do if you lose your job during the Covid-19 crisis How should regional businesses float to the other side of Covid-19?