UAE approves 2027 budget

The United Arab Emirates has adopted the general budget for the year 2027 with estimated expenditures of 90.1 billion dirhams, equivalent to 24.53 billion dollars, including the allocation of 34.6 billion for the social development and pensions sector at a rate of 38.4%. UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum announced in a post on the X social media platform today, Monday, that the country has approved the general budget for 2027 with the estimated expenditures. The expenditures were distributed across the main sectors as follows: 29.1 billion dirhams for government affairs at 32.3%, 5.6 billion dirhams for financial assets and financial consultancy at 6.2%, 17.8 billion dirhams for federal expenses at 19.7%, and 3 billion dirhams for infrastructure and economic resources at 3.4%. He also mentioned that the UAE Cabinet additionally approved the federal general budget for the years 2027 to 2029 with total expenses of 292.5 billion dirhams, achieving a growth of 28.3% compared to the previous three years. Sheikh Mohammed bin Rashid Al Maktoum emphasized that their priorities are steadfast and unchanged, focusing on education, health, housing, social services, and the quality of life and stability of the citizen.