His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the First Deputy Ruler of Dubai and Deputy Prime Minister and Minister of Finance, has underscored the UAE’s general budget as a vital tool for human development and future investment. The focus is on accelerating the pace of development to achieve the highest standards of leadership.
Strategic Budget for 2027–2029
The UAE Cabinet, under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, has approved the union’s budget plan for the years 2027 to 2029, with total expenditures amounting to 292.5 billion dirhams. For the fiscal year 2027 alone, a budget of 90.1 billion dirhams has been allocated, with more than one-third of this figure dedicated to social development and pensions.
Prioritising Quality of Life
Sheikh Maktoum stated, “The budget reflects the priorities of our wise leadership that places the enhancement of community quality of life at the forefront of its goals.” He emphasised the integration of artificial intelligence and smart solutions in financial planning to ensure economic flexibility and reinforce international competitiveness, all while maintaining the highest standards of fiscal discipline.
Human-Centric Investment
In his remarks, Sheikh Maktoum reiterated, “Our ultimate goal is that every financial investment yields a human return that positively impacts the future of generations to come.” This vision illustrates the UAE’s commitment to fostering a prosperous and sustainable future through thoughtful and strategic financial planning.