UAE: Ministry Of Finance Launches 20272029 Budget Cycle

2025-07-16 09:49:18

(MENAFN- Khaleej Times)

The Ministry of Finance on Wednesday launched the federal general budget cycle for the 2027–2029 period. The newly launched budget cycle follows four consecutive strategic cycles during which the total federal budget reached approximately Dh900 billion, aligned with ambitious national priorities.

Over this period, the Ministry laid strong foundations for sound financial governance by enhancing legislative and regulatory frameworks, expanding international partnerships, and developing advanced digital financial systems.

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It also maintained stable public debt levels, which stood at just Dh62.1 billion as of June 2025, and increased federal government assets to around Dh464.4 billion by the end of 2024.

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Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, stressed that the 2027–2029 federal budget cycle will play a key role in the development of the UAE's public financial system and is part of a government approach driven by proactivity, flexibility, and policy integration.

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