Dubai:The UAE Cabinet has approved a federal budget totaling AED292.5 billion for the 2027-2029 period, marking a 28.3% increase from the previous three-year budget.
According to Bahrain News Agency, the Cabinet, led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, also sanctioned an estimated expenditure of AED90.1 billion for the fiscal year 2027.
Sheikh Mohammed bin Rashid Al Maktoum emphasized that the budget upholds the government's focus on sectors such as education, health, housing, social services, and the overall quality of life for citizens. He highlighted the UAE's commitment to enhancing its achievements under the leadership of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan.
The budget is part of an ongoing effort to improve government financial planning and efficiency, ensuring sustainable funding for key government programs and projects. For the 2027 fiscal year, the budget allocates AED34.6 billion to social development and pensions, AED29.1 billion to government affairs, AED17.8 billion to federal expenses, AED5.6 billion to financial assets and investments, and AED3 billion to infrastructure and economic resources.