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UAE Cabinet Approves Budget of 290 Bln Dirhams Till 2026

UAE Cabinet Approves Budget of 290 Bln Dirhams Till 2026

Wednesday, 13 October, 2021 - 03:30
Sheikh Mohammed bin Rashid Al Maktoum chairs the UAE cabinet held at EXPO 2020 Dubai on Tuesday. WAM

The UAE cabinet, chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, approved the UAE General Budget for 2022- 2026, with total expenditures of AED290 billion and the UAE General Budget for 2022, with AED58.931 billion expenditures.


The meeting, held on Tuesday at EXPO 2020 Dubai, was attended by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance; Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior; Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and cabinet members, Emirates News Agency (WAM) reported.


The cabinet also approved the new government strategic approach that serves as a framework to lay the foundations of work for the next 50 years. Sheikh Mohammed bin Rashid Al Maktoum directed all government entities to adopt the new government strategic approach while setting priorities and developing projects and work plans, WAM said.


The largest share of the 2022 budget was allocated to the development and social benefits sector at 41.2%, out of them 16.3% for education, 6% for social development, 8.4% for health, 8.2% for pensions and 2.6% for other services.


Some 3.8% of the budget has been allocated to the infrastructure and financial resources sector.


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