The UAE has approved its federal budget for 2027 to 2029 with spending of Dh292.5 billion.
The allocation marks an increase of 28.3 per cent compared to the previous three years, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai said on Monday.
Authorities approved the 2027 budget with expenditure of Dh90.1 billion.
The breakdown for the year is as follows:
Dh34.6 billion (38.4 per cent) – Social development and social benefits
Dh29.1 billion (32.3 per cent) – Government affairs
Dh17.8 billion (19.7 per cent) – Federal expenses
Dh5.6 billion (6.2 per cent) – Financial assets and investments
Dh3 billion (3.4 per cent) – Infrastructure and economic resources
“Our priorities remain fixed and unchanged ... Education, health, housing, social services, and the quality of life and stability of the citizen,” Sheikh Mohammed said in a post on X.
The UAE last year launched its 2027-2029 budget cycle, focusing on sustainability, artificial intelligence and efficiency.