UAE Cabinet Approves AED 292.5 Billion Federal Budget for 2027–2029

The UAE cabinet has approved a federal budget of AED 292.5 billion for the next three years 2027-2029, 28.3% higher than the previous three years. The decision was unveiled by H.H Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai. The UAE Federal Budget 2027 highlights the UAE’s dedication to sustainability and a higher standard of living.

2027 Budget Allocates AED 90.1 Billion

The Cabinet also agreed to spend AED 90.1 billion in 2027. Social development absorbs AED 34.6 billion, accounting for 38.4% of the annual budget, while pensions take up AED 10.8 billion, making up six per cent of the annual budget. 

The total government affairs is AED 29.1 billion, in Federal Expenses, the total is AED 17.8 billion. AED 5.6 billion is allocated to financial assets and investments and AED 3 billion to infrastructure and economic resources.

Education Healthcare and Social Welfare Prioritised

Sheikh Mohammed highlighted the importance of education, healthcare, housing, social services and citizens’ well-being as priorities of the nation. The government spending plan will support the protection of the community, education in the future, jobs, health and pension programmes. The allocations are designed with a focus on enhancing social stability and boosting public services and citizens across the country.

Budget Supports Long Term Economic Growth

The federal expenditure plan is in effect for three years, and includes international relations, technology, energy, industry, culture, media and sports. The infrastructure and economic diversification plans continue to be priorities of the national agenda. 

Sheikh Mohammed said the government would help drive progress on ongoing initiatives undertaken by UAE President Sheikh Mohamed bin Zayed Al Nahyan, further cementing the country’s long-term development goals.

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