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Chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, the UAE Cabinet has approved the federal budget of AED 58 billion for the fiscal year 2021.

His Highness Sheikh Mohammed bin Rashid has asserted that the UAE will continue to implement major projects and focus on social development sectors, despite the global economic conditions.

The General Budget of the Union 2021 The Cabinet approved the general budget of the Union for the fiscal year 2021, with expenditure amounted to AED58.113 billion. The federal budget continues to focus on both social and economic development.

The budget aims to expand development plans and projects to raise living standards and provide a decent life for Emiratis and residents. A large share of the 2021 budget will be allocated to social development including social welfare, health and education.