The UAE Cabinet approved the federation’s general budget for the year 2021, with total estimated expenditures of 58 billion dirhams (15.7 billion dollars), which aims to raise living standards by distributing allocations to a number of sectors, to include social development, strengthening the education sector and health care, and supporting housing programs.
In this context, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, affirmed that "despite the global economic conditions, our projects are continuing and our priorities are permanent, the social development sectors will not be touched,” considering that "the efficiency of government spending in the UAE is among the highest in the world, and we look forward to a better and more accomplished year in 2021."
He said: "The Union's general budget in 2021 keeps pace with global economic changes without prejudice to national development priorities. From this standpoint, our message to all federal agencies for the fiscal year 2021 is balance in spending, flexibility in plans and efficiency in budgets."
"The UAE will be among the fastest recovering in 2021, and the government has all the tools to deal with various scenarios," he stressed.
Source (Al-Arabiya.net, Edited)
