UAE Cabinet approves historic Dh71.5 billion federal budget
Officially approving the 2025 federal budget, the UAE Cabinet has set it at a record-breaking Dh 71.5 billion. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, and Ruler of Dubai presided over a conference where this approval was granted.
The biggest budget in the history of the country, the 2025 one highlights the government's will to increase public expenditure and improve several sectors all throughout the country.
By contrast, the government budget for 2024 was set at Dh64.060 billion, a 1.6% rise from the budget of Dh63.066 billion from year before, The UAE's forward-looking attitude to economic development, growth, and public service investment is shown by this consistent increase in budgetary allotments, The rise also fits the strategic plans of the country for more infrastructure, education, healthcare, and other important sectors of development.
First revealed in 2022 the UAE's larger multi-year budgetary plan includes the approval of this significant expenditure for 2025, Reflecting the government's long-term goal for national growth, the proposal presented a total federal budget of Dh252.3 billion for the years 2023 to 2026, Emphasizing sustainability and thorough expansion, this financial structure guarantees that important sectors have the tools they need to achieve national goals.
The UAE's emphasis on keeping a strong economy while promoting innovation and development is highlighted by the ongoing rise in federal expenditure, A wide spectrum of projects—including social welfare programs, infrastructure projects, school reforms, healthcare improvements, and efforts at economic diversification are scheduled to be funded by the budgeted allocations, These projects are absolutely essential for sustaining the population of the nation and raising general standard of living for every citizen.
As the UAE moves toward a knowledge-based, environmentally conscious economy, its intentions to significantly invest in technology, research, and green projects also clearly show its dedication to sustainable development, These sectors will probably be supported by the government budget, therefore enabling the country to fulfill its high targets for climate action and economic diversification.
Furthermore highly valued by the UAE government are innovation and entrepreneurship, which are expected to be essential for future economic success of the nation, The 2025 budget is probably going to promote startups, small and medium-sized businesses (SMEs), tech-driven sectors, and other projects supporting tech-driven industries, so promoting the UAE as a worldwide center for innovation and business.
With large amounts of the federal budget set for these vital areas, healthcare and education remain high objectives. Expanding medical facilities, enhancing healthcare services, and therefore improving access to quality treatment for all citizens and residents will take front stage as the UAE keeps refining its healthcare system, The budget will support continuous changes in education meant to enhance curricula, create new schools, and include contemporary technology into classroom environments.
Moreover, with ongoing investment in public utilities, road networks, and transit systems, infrastructure development takes front stage in the 2025 budget, These changes are essential to guarantee the UAE stays a competitive and appealing place for companies and visitors alike. Infrastructure projects will also help the country's expanding population by enabling more seamless movement and improved service access throughout all emirates.
Approval of this record federal budget shows UAE's strong financial planning and capacity to adjust to evolving world economic situation while keeping a clear emphasis on its long-term objectives, With this significant financial support, the UAE is positioned to keep on its path of development and expansion, therefore guaranteeing a rich future for its people and visitors.