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UAE Cabinet unveils historic Dh71.5 billion federal budget for 2025

The UAE Cabinet, has approved a record-breaking federal budget of Dh71.5 billion for the fiscal year 2025.

TAS News Service

info@thearabianstories.com

Tuesday, October 8, 2024

UAE: Led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the 2025 budget, the largest in the nation’s history, is a testament to the UAE’s commitment to bolstering its development initiatives. A substantial portion of the budget, Dh27.859 billion, has been earmarked for the social development and pension sector, accounting for an impressive 39% of total expenditures.

In addition, Dh25.570 billion has been designated for government affairs, constituting 35.7% of the budget, reflecting the commitment to efficient governance and public service. The infrastructure and economic sector is set to receive Dh2.581 billion, or 3.6%, demonstrating the ongoing investment in the nation’s foundational systems and economic growth.

Furthermore, the financial investment sector has been allocated Dh2.864 billion, representing 4% of the budget, while other federal expenses total Dh12.624 billion, accounting for 17.7%. This strategic distribution illustrates the government’s balanced and comprehensive approach to public spending, ensuring that various needs across sectors are adequately addressed.


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