Maktoum bin Mohammed: A decent life for the people of the Emirates is a major priority
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance.
The adoption by the Council of Ministers headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the federal budget for the five-year plan for the years 2022-2026 totaling 290 billion dirhams is evidence that the government of the United Arab Emirates, under the leadership of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, continues to work to achieve the happiness of its people and to provide security and a decent life for the people of the country.
His Highness pointed out that the adoption of the largest budget in the history of the UAE confirms that a decent life for the people of the UAE will remain a major priority, and that building a more balanced national economy is a basic approach to achieving the comprehensive development of the union, and that the wise leadership has laid firm foundations for government action, working to achieve the goals The strategy of the state, and supports its path towards sustainable economic and social development, which is a main pillar for the next fifty years.
His Highness stressed that directing financial resources to achieve development goals in the UAE is a priority for the wise leadership, stressing the importance of investing in human competencies, by continuing to develop the education, health and social development sectors, creating a flexible business environment, and consolidating the pioneering infrastructure that the country enjoys. To advance the foundations of the digital and knowledge economy.
The Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, stated that the draft general budget of the Federation for the years 2022-2026 plan was prepared, based on the provisions of Federal Decree-Law No. 26 of 2019 on public finance, and in accordance with international best practices, with the aim of raising the efficiency and directing government spending. To enable federal entities to implement and achieve their goals and programs with the desired efficiency.
The Minister of State for Financial Affairs stressed the importance of coordination and cooperation between the Ministry of Finance and various federal agencies regarding budget preparation procedures, noting that, based on the directives of the wise leadership, the 2022 budget was allocated to develop government services, provide the highest levels of social care, health and educational services, strengthen infrastructure and create Attractive development and economic environment.
The Ministry of Finance had presented the draft general budget of the Federation for the fiscal year 2022 within the budget cycle for the years 2022-2026 to the Council of Ministers, in light of the recovery of the national economy and the recovery of the activities of the various economic sectors in the country, at an estimated cost of expenditures of fifty-eight billion nine hundred and thirty-one million dirhams.
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