UAE Cabinet Approves AED 292.5 Billion Federal Budget Plan for 2027–2029
The UAE Cabinet approved a AED 292.5 billion Federal General Budget Plan for 2027–2029, including a AED 90.1 billion 2027 budget with major allocations to Social Development and Government Affairs and emphasis on AI and digital transformation.
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Facts
The UAE Cabinet has approved the Federal General Budget Plan for 2027–2029 with total expenditure of AED 292.5 billion.
The Cabinet approved the Federal General Budget Plan for fiscal year 2027, totalling AED 90.1 billion, as part of the 2027–2029 budget plan.
The 2027–2029 federal general budget cycle aims to advance fiscal sustainability and resilience for a more prosperous future, achieve global leadership in government financial performance, and consolidate the UAE’s international standing through effective and influential partnerships.
The draft Federal General Budget aims to enable federal entities to utilise their approved allocations and implement their objectives and programmes in line with the 2027–2029 strategic plan.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said the 2027–2029 Federal General Budget Plan and the Federal General Budget for fiscal year 2027 should be measured not simply by the scale of their financial resources, but by the quality and scale of the sustainable impact they deliver across society.
Sheikh Maktoum said the central objective of the new three-year spending plan is to enhance the efficiency of government tools and accelerate development initiatives and projects that deliver the highest standards of quality of life for citizens and residents.
Sheikh Maktoum said "The allocations for social development, particularly education and healthcare, reflect the wise leadership’s commitment to sustained investment in people."
Sheikh Maktoum said the budget plan places particular emphasis on harnessing artificial intelligence and financial data analytics, while simplifying requirements to ensure the resilience of the national economy amid global economic shifts.
Sheikh Maktoum said "We are not spending simply to meet the needs of today. We are investing in a proactive government services ecosystem that exceeds expectations and reinforces the UAE’s global leadership."
Sheikh Maktoum said the UAE’s financial model balances driving economic growth, funding strategic projects and maintaining the highest standards of fiscal discipline, while updating tax and development-related legislation.
His Excellency Mohamed bin Hadi Al Hussaini said the 2027–2029 Federal General Budget Plan and the 2027 budget reflect a significant shift in the management of public resources towards greater agility and a more strategic approach to directing expenditure over the medium term.
Al Hussaini said the financial plan focused on empowering federal ministries and institutions with tools and solutions to achieve their operational and strategic objectives in line with the highest standards of governance and future readiness.
Al Hussaini said the plan will ensure the optimal use of federal resources while advancing the UAE’s fiscal sustainability.
The Social Development and Pensions Sector has been allocated AED 34.6 billion, representing 38.4% of the total 2027 budget.
The allocation for public and university education programmes is equivalent to 18.8% of the total budget.
The allocation for healthcare is 6.7% of the total budget.
The allocation for pensions is 6.4% of the total budget.
The allocation for social affairs is 4.4% of the total budget.
The allocation for public services is 2.1% of the total budget.
The Government Affairs Sector has been allocated AED 29.1 billion, or 32.3% of the total budget.
Federal Expenses have been allocated AED 17.8 billion, representing 19.7% of the total budget.
The Financial Investments Sector will receive AED 5.6 billion, equivalent to 6.2% of the total budget.
The Infrastructure and Economic Sector has been allocated AED 3 billion, or 3.4% of the total budget.
The Federal Government's new strategic planning cycle places digital transformation at its core, with the UAE leading regionally and globally in the adoption of advanced technologies and the use of artificial intelligence across government and economic activities, planning and financial analysis.
Source
The claims above were stated by the UAE Cabinet and quoted officials including His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum and His Excellency Mohamed bin Hadi Al Hussaini, as reflected in the announced budget documents and statements.
Prepared with AI. Prepared with AI from official sources and checked automatically. Not investment advice.