Abu Dhabi: The UAE Cabinet approved Sunday the 2013 budget for Emirates Transport, aiming to develop the financial strength of the company and increase its market value, in addition to guaranteeing the quality of its services.
Business | Economy
Cabinet approves budget for Emirates Transport
The budget to support the financial strength of the entity
- WAM
- Published: 21:04 February 3, 2013
It is expected that the income of Emirates Transport will reach Dh 1.4 billion in 2013 in accordance with its working budget, an increase of 7 per cent, while net profit is expected to reach Dh110 million, an increase of 13 per cent.
The budget includes an allocation of Dh464.9 million for capital expenditure, of which Dh140 million is allocated for the provision of school buses in public schools . The remainder is allocated to transportation contracts for ministries and other government agencies and for the establishment and development of buildings and technical inspection centres, technical service and customer service centres and the provision of necessary technical equipment.
The Budget draft also included a plan for the workforce, which is expected to reach 13,152 employees by the end of this year, an increase of 211 employees over last year.
The Cabinet also adopted the final accounts of the National Bureau of Statistics (NBS) for the fiscal year ending December 31, 2011. The Bureau’s expenditure on approved programmes for that year was Dh35,921,398 with revenues of Dh42,050,468.
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