UAE approves Dh292.5 billion federal budget for 2027-2029
Dubai: The UAE Cabinet on Monday approved a Dh292.5 billion federal budget for 2027-2029, with expenditure rising 28.3 per cent compared with the previous three-year period, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said. Sheikh Mohammed said the Cabinet also approved the 2027 federal budget, with expenditure of Dh90.1…
The Cabinet of the United Arab Emirates has approved a federal budget of Dh292.5 billion for the fiscal years 2027-2029, a 28.3% increase compared to the previous three-year period, according to Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum. The same budget was approved for the 2027 fiscal year, with expenditures totaling Dh90.1 billion. Sheikh Mohammed emphasized that education, healthcare, housing, social services, and the quality of life remain top priorities for the UAE.
In the 2027 budget, social development and pensions will receive the largest share of spending at Dh34.6 billion, or 38.4% of the total. Government affairs will get Dh29.1 billion, or 32.3%, while federal expenditure is allocated Dh17.8 billion, or 19.7%. Financial assets and investments account for Dh5.6 billion, or 6.2%, and infrastructure and economic resources receive Dh3 billion, or 3.4%.
Sharjah has set a budget of Dh44.5 billion for 2026, with a focus on job creation and economic growth. The approval of this 5-year federal budget represents Dubai's largest budget ever.
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