The UAE Cabinet, in a meeting chaired by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the general budget of the Union 2023-2026 with total expenses of 252.3 billion dirhams and total revenues of 255.7 billion dirhams.
Sheikh Mohammed bin Rashid Al Maktoum pointed out that "We have approved the general budget of the union 2023-2026 with total expenses of 252.3 billion dirhams and total revenues of 255.7 billion dirhams," stressing that "the union's budget is sustainable and balanced, and it is a major driver of the union government and its development ambitions for the people of the union."
In October, the UAE approved a federal budget of 58.9 billion dirhams, and in June proposed an additional 1.23 billion dirhams of spending.
Sheikh Mohammed bin Rashid said, "We reviewed the Emirates Railway Project, which is the largest infrastructure project in the UAE, linking 11 cities, 7 logistics centers and 4 international ports in the country. We also approved the UAE's accession to the Gas Exporting Countries Forum, and congratulated the country's re-election as a member of the Council of the International Civil Aviation Organization."
Source (Al-Arabiya.net Website, Edited)
