The UAE Cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice- President, Prime Minister and Ruler of Dubai, has approved the Federal General Budget Plan for 2027–2029, with a total outlay of AED292.5 billion, reported WAM The Cabinet also approved the Federal General Budget Plan for ¿scal year 2027, totalling AED90.1 billion, as part of the 2027–2029 budget plan.
The approvals abide by the latest provisions and measures pertaining to the Ministry of Finance as per the Federal Decree-Law No. (26) of 2019 on Public Finance in its amended form, as well as related resolutions and recommendations.
The 2027–2029 Federal General Budget cycle aims to advance ¿scal sustainability and resilience for a more prosperous future, achieve global leadership in government ¿nancial performance, and consolidate the UAE’s international standing through eႇective and inÀuential partnerships.
The draft Federal General Budget also aims to enable federal entities to utilise their approved allocations and implement their objectives and programmes in line with the 2027–2029 strategic plan. It seeks to deliver the best possible outcomes across economic, social, environmental and service-related areas while advancing the UAE’s global competitiveness.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, said the 2027–2029 Federal General Budget Plan and the Federal General Budget for ¿scal year 2027 should be measured not simply by the scale of their ¿nancial resources, but by the quality and scale of the sustainable impact they deliver across society.
Social development
He noted that the central objective of the new threeyear spending plan is to enhance the eႈciency of government tools and accelerate development initiatives and projects that deliver the highest standards of quality of life for citizens and residents.
“The allocations for social development, particularly education and healthcare, reÀect the wise leadership’s commitment to sustained investment in people. They will ensure the delivery of eႈcient, proactive government services that promote social cohesion while advancing the UAE’s competitiveness and the objectives of the ‘We the UAE 2031’ vision,” Sheikh Maktoum said.
