Thursday November 21st, 2024
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Dubai Approves Record AED 302 Billion Budget for 2025-2027

The budget prioritizes infrastructure, social development, and digital transformation.

Scene Now UAE

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a historic AED 302 billion government budget for 2025-2027, with AED 272 billion allocated for expenditures, marking the largest budget in the emirate's history. The budget prioritizes infrastructure, social development, and digital transformation, aligning with Dubai's Strategic Plan 2030 and Economic Agenda D33.

The budget cycle is set to produce a 21% operating surplus, reinforcing Dubai's financial sustainability and paving the way for future investments. Infrastructure development receives 46% of the budget, with major projects focused on transportation networks, sustainable energy facilities, sewage systems, and the expansion of Al Maktoum Airport. Another 30% supports social services, particularly in healthcare, education, housing, and welfare initiatives.

Additionally, Dubai Finance (DF) has committed to a cashless strategy that aims to achieve 90% digital transactions by 2026, boosting government efficiency and resident convenience. Security, public safety, and scientific research are also key priorities, with 18% of funds allocated to ensure Dubai remains a secure and innovative global hub.

The emirate's disciplined fiscal policies include an estimated AED 15 billion general reserve by 2027, establishing a solid financial foundation for the future. Complementing the budget is a new AED 40 billion public-private partnership portfolio to drive growth and diversification across key sectors.

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