Dubai sees dh2 billion operating surplus in 2020.

Dubai on Sunday said it can achieve an operating surplus of almost Dh2 billion due to its prudent fiscal polices and also set the debt service rate at no more than 5 percent of its expenditure.

"We are capable of achieving an operating surplus of Dh1.96 billion due to the adoption of disciplined financial policies, which contributes to the development of infrastructure programmes for the emirate and affirms the financial sustainability policy pursued by the emirate," said Abdul Rahman Saleh Al Saleh, director-general of Dubai's Department of Finance.

The emirate will maintain a debt service rate of no more than 5 percent of its total expenditure in...