Hot topics | Coronavirus pandemic

UAE approves budget for 290 billion dirhams to 2026 - Tweet

UAE approves budget for 290 billion dirhams to 2026 - Tweet

State news agency (WAM) reported on twitter that the United Arab Emirates' cabinet on Tuesday approved federal spending of 290 billion dirhams ($78.96 billion) up until 2026.

The cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, the UAE's prime minister and ruler of Dubai, approved the 2022 budget, which calls for 58.931 billion dirhams ($16.05 billion).

The largest part of the 2022 budget was allocated to the development and social benefits sector at 41.2%, while the infrastructure and financial resources sector's share was 3.8%, WAM said.

Suhail al-Mazrouei, the minister of energy and infrastructure, was appointed as the cabinet's representative for infrastructure and housing.

(This story is revised to change the day to Tuesday in the first paragraph)

You may also like: