UAE Cabinet approves federal budget for 2027-2029 with Dhs292.5b total expenditure

The UAE Cabinet, chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has approved the federal general budget for the years 2027-2029, totaling Dhs292.5 billion, reflecting a 28.3% increase compared to the preceding three-year period. The federal budget for the 2027 fiscal year was approved with estimated total expenditures of Dhs90.1 billion, as part of the budget plan for the years 2027-2029.

Sheikh Mohammed Bin Rashid Al Maktoum said, "Today, we approved the Federal General Budget for 2027 to 2029 with total expenditures of Dhs292.5 billion, up 28.3% on the previous three years, and the 2027 budget with expenditures of Dhs90.1 billion. Our priorities are fixed and have not changed: education, health, housing, social services, and the quality of life and stability of our citizens. Under the leadership of President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, we will keep consolidating our gains, protecting our achievements and working to build the best life."

The announced federal budget is part of the ongoing efforts to develop the government financial planning system, as well as enhance efficiency and ensure the sustainability of funding for priority government programmes and projects.

 Of the 2027 budget, the Cabinet allocated Dhs34.6 billion (38.4%) to Social Development and Pensions, Dhs29.1 billion (32.3%) to Government Affairs, Dhs17.8 billion (19.7%) to Federal Expenses, Dhs5.6 billion (6.2%) to Financial Assets and Financial Investments, and Dhs3 billion (3.4%) to Infrastructure and Economic Resources.

 Main sectors covered by the new federal budget include community protection and safety; the economy of the future; future-oriented education; employment and empowerment; health and quality of life; leadership, government affairs, and international relations; as well as industry, technology, energy, infrastructure, culture, media, and sports.

 The federal general budget for the years 2027-2029 embodies the UAE's commitment to long-term sustainable financial planning, enhancing the efficiency of resource management and directing spending towards the sectors most closely linked to national priorities. The UAE government approach ensures the continuity of implementation of strategic projects and programmes, and supports the achievement of the country's development, economic and social goals.

The approval of the budget confirms the UAE government's keenness to achieve a balance between current development requirements and investment in future opportunities and to establish a government financial system characterized by flexibility, efficiency and sustainability. It supports the continuation of the comprehensive development process and enhances the UAE's position among the most advanced and prosperous countries in the world.

WAM