The UAE Cabinet approved yesterday the country’s federal general budget for fiscal year 2025. The budget, setting both revenues and expenditures at AED71.5 billion ($19.5 billion), aims to maintain a balanced fiscal framework. This federal budget is the largest in the UAE’s history, underscoring the robustness of the national economy. The approval is also part of the multi-year financial plan (2022-2026).
Commenting on the UAE’s largest-ever budget, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, stated: “The 2025 federal budget showcases the UAE’s continued commitment to progress driven by a wise and forward-thinking approach, under the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum.”
Supporting vital sectors
“The next year’s budget demonstrates the country’s keenness to harness all available resources to meet sustainable development goals while ensuring the well-being and prosperity of both our citizens and residents,” he added.
Sheikh Maktoum explained that the UAE’s 2025 federal budget is another significant step toward achieving the country’s strategic objectives by optimizing financial resources and diversifying government revenue sources.
“We are committed to continuously supporting vital sectors such as education, health and social welfare. Hence, we strive to maintain a careful balance between expenditures and revenues,” he said.
Commitment to economic and social progress
Sheikh Maktoum also noted that the 2025 federal budget seeks to support the UAE’s ongoing efforts to drive economic and social progress while ensuring long-term sustainable development.
Notably, the UAE allocated 39 percent of the total budget to social development and pensions. This includes public and university education programs, health services and community prevention, social affairs, pensions, and public services.
He highlighted that the budget also seeks to promote the quality of life, and provide top services to citizens and residents, as well as helping forge a brighter future for generations to come.
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Budget aligns with highest international standards
For his part, Mohammed bin Hadi Al Hussaini, UAE Minister of State for Financial Affairs, emphasized that the 2025 general budget adheres to the Federal Decree-Law No. 26 of 2019 on public finance. It also applies the highest international standards to realize the country’s ambitious vision for sustainable development.
Al Hussaini highlighted that the 2025 budget reaffirms the strength of the national economy and its capacity to secure the necessary resources for financing key developmental, economic, and social projects. A significant portion of the 2025 federal budget will go to sectors such as education, health, and social welfare, further cementing the UAE’s position as a leader in enhancing quality of life.
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