The United Arab Emirates has approved its general budget for 2027, with total expenditures amounting to 90.1 billion dirhams (approximately 24.5 billion dollars). This was announced by UAE Vice President, Prime Minister, and Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum. The budget is part of a larger three-year plan, with total expenditures of 292.5 billion dirhams, representing a 28.3% increase compared to the previous three years.
According to Sheikh Mohammed bin Rashid, the 2027 budget prioritizes key sectors, with 34.6 billion dirhams allocated to social development and pensions, accounting for 38.4% of the total budget. This significant allocation underscores the government's commitment to enhancing the quality of life for its citizens. The budget also earmarks 29.1 billion dirhams for government affairs, representing 32.3% of the total.
Further allocations in the 2027 budget include 17.8 billion dirhams for federal expenditures, making up 19.7% of the total. Additionally, 5.6 billion dirhams have been set aside for financial assets and investments, accounting for 6.2%. The budget also allocates 3 billion dirhams for infrastructure and economic resources, equivalent to 3.4% of the total budget.
Sheikh Mohammed bin Rashid emphasized that the government's priorities remain unchanged, focusing on education, health, housing, social services, and ensuring the well-being and stability of citizens. He expressed his confidence in continuing the efforts to build a better life for the UAE's population, under the leadership of Sheikh Mohammed bin Zayed.
The UAE's budget for 2027-2029 has been designed to drive growth and development across various sectors. By allocating significant funds to social development and pensions, the government aims to improve living standards and provide a solid foundation for sustainable development.
The budget announcement was made via a post on Sheikh Mohammed bin Rashid's social media platform. This move reflects the government's commitment to transparency and open communication with the public. The UAE's budget planning process involves careful consideration of the country's economic and social objectives.
The approved budget for 2027 demonstrates the UAE's proactive approach to managing its finances and investing in its future. With a focus on key sectors such as education, health, and social services, the government is poised to drive growth and enhance the quality of life for its citizens.
Key points
- The UAE has allocated 38.4% of its 2027 budget to social development and pensions.
- The total expenditures for the 2027 budget amount to 90.1 billion dirhams.
- The budget prioritizes education, health, housing, and social services to improve the quality of life for UAE citizens.
