Ruler of Sharjah approves the general budget of the emirate at 33.6 billion dirhams for the year 2021

His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, approved the general budget of the emirate with total expenditures amounting to about 33.6 billion dirhams, with the aim of the general budget for this year to achieve the strategic vision of the emirate in economic and social development, enhancing financial sustainability and stimulating the macro-economy in light of economic challenges And health faced by global economies.

The budget adopts many strategic goals and indicators with an economic, social, scientific and cultural dimension, and among the most prominent of these goals is to promote investment in infrastructure and the rest of economic activities that achieve a competitive advantage, and to provide social support in a variety of formats and methods that serve citizens.

The budget recorded an increase in the volume of expenditure expected for 2021, by 12% compared to the 2020 budget.

Sheikh Mohammed bin Saud Al Qasimi, Head of the Central Finance Department in Sharjah indicated that the general budget of the Emirate has adopted many strategic and financial goals and priorities, which reflected the directives of His Highness the Ruler of Sharjah and his comprehensive and renewed vision, as well as the directives of the Executive Council and the strategic vision of the Central Finance Department, which works to achieve the highest levels of sustainability. Finance and the efficiency of government financial resources management and support the capabilities of government agencies in providing government services according to indicators set by the performance budget applied in the government of Sharjah, as well as strengthening strategic partnerships with the private sector and providing incentive packages that ensure that they continue to advance the growth, development and development of the emirate, and develop financing techniques The public budget in searching for the best financing opportunities available internally and externally to ensure the government's financial sustainability.

"The general budget for this year is considered the largest budget in the history of the emirate, and it is a two-dimensional budget, one dimension for economic and social development, and the other dimension is sustainability and infrastructure development for the emirate, as it has adopted the strategy’s priorities in the field of stimulating the emirate’s economy and the developmental and social requirements to ensure achieving economic growth rates that contribute In enhancing the role of Sharjah on the regional and global economic map, ensuring financial stability and improving the level of competitiveness of the emirate by providing financial and strategic services.

He said, "The budget strengthens the strategic direction of the emirate in developing infrastructure in vital facilities and areas, preserving the environment and public health, and expanding the role of tourism in the emirate through tourism and service projects supervised by His Highness the Ruler of Sharjah, which has achieved and will add value to the emirate as an effective station for tourist attraction." Scientific and cultural, and laying the foundations for the investment environment, developing areas of investment in human resources and increasing employment opportunities, which represent one of the strategic priorities of His Highness the Ruler of Sharjah, and serious work to create the appropriate regulatory environment for them for the purpose of creativity and innovation, by financially supporting government agencies and providing all the necessary financing requirements to enhance Its capabilities in implementing its strategic and operational initiatives and projects.

For his part, the Director General of the Central Finance Department, Walid Al-Sayegh, said, "At a time when the world is witnessing indications of stagnation, contraction, project stoppages, and the global economy suffering from complete and partial closures, dominating the health aspect over the economic aspects, Sharjah has created an ideal balance between the two dimensions. The process of implementing capital projects and initiatives continued, and the city of Khorfakkan, Kalba, and the rest of the emirate's areas witnessed an urban renaissance with social, tourism and cultural dimensions.

He pointed out that "the 2021 budget has worked to provide a practical framework in implementing the directives and priorities of His Highness the Ruler of Sharjah so that this budget be the strategic tool that translates the vision and strategy of the government and with a modern and sophisticated perspective, and accordingly, the process of preparing the budget was done in light of the medium-term spending framework," In addition to linking the general budget of the emirate with many economic and social indicators, including increasing the level of development and improvement of the emirate's infrastructure and increasing economic stimulation for the private sector through continuous stimulus packages that ensure it continues to contribute to the economic development process.

Al-Sayegh pointed out that, "the government continued, through the new budget, to support the budget of capital projects to ensure continuity in meeting the spending needs of these projects in 2021, and this budget would constitute (32%) of the general budget and achieve an increase of (46%) over the year 2020. As for the budget of support and aid, it constituted about (11%) of the general budget, while the budget for loan repayments and their interest constituted (6%) of the total budget for the year 2021, with an increase of (22%) over the budget of 2020, and this is an enhancement of the government's capacity and the strength of solvency Finance has to pay all of

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The process of classifying the budget on the basis of economic sectors is one of the most important tools that reflect the strategic direction of the government, as the infrastructure sector ranked first among the sectors of the general budget and constitutes (43%) of the total general budget for 2021, with an increase of (40%) over the budget. 2020 This reflects the government's exceptional interest in developing the emirate's infrastructure as the backbone of the process of development and sustainability and attracting foreign and local investments in all vital sectors.

While the economic development sector is ranked second in relative importance, it constituted about (29%) of the total general budget for the year 2021, and the social development sector came in third place, as its relative importance constituted about (21%) of the total general budget for 2021. In order to provide the best services, support and assistance to the citizens and residents of the emirate.

While the relative importance of the government administration, security and safety sector accounted for about (7%) of the total general budget for 2021.      

As for analyzing the elements of the current budget for 2021, salaries and wages accounted for (48%) of the total operating budget for 2021, with an increase of (3) While operating expenses accounted for (49%) for the year 2021, with a decrease of (2%) compared to the 2020 budget, while capital expenditures accounted for about (3%) of the operating budget for 2021, a decrease of (6%) from The 2020 budget, in general, the operating budget achieved a growth rate of less than (1%) for the year 2021 compared to the year 2020, and these are also indicators that reflect the government's interest in strengthening the financial capacity of government agencies to achieve their strategic and operational goals.

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