HomeEconomyUAE’s federal budget sees revenues at over AED 255 bn
By Economy Middle East
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October 10, 2022 6:38 pm

UAE’s federal budget sees revenues at over AED 255 bn

UAE's PM approves budget for next 3 years
UAE budget
Part of the Cabinet meeting (Image credit: Sheikh Mohammed Al Maktoum's Twitter account)

The UAE Cabinet has approved the general federal budget for the next three years. The net expenditure will be 252.3 billion dirhams ($68.69 billion), with revenues of 255.7 billion dirhams — resulting in a surplus budget of 3.4 billion dirhams.

This came as Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, chaired a Cabinet meeting on Monday.

“The budget of the Union is sustainable and balanced,” he tweeted at the end of the meeting.