43% of it is to develop and improve the infrastructure of the emirate
Ruler of Sharjah approves the general budget of 33.6 billion dirhams for the year 2021
Mohammed bin Saud Al Qasimi: “The general budget for 2021 has two dimensions: for economic and social development, and for sustainability and infrastructure development.”
picture
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.
A statement issued yesterday stated that the volume of expected spending for 2021 increased by 12%, compared to the 2020 budget.
Goals and priorities
Sheikh Muhammad bin Saud Al Qasimi, head of the Central Finance Department in Sharjah, said that the emirate’s general budget has adopted many strategic and financial goals and priorities, which reflected the high directives of His Highness the Ruler of Sharjah, his comprehensive and renewed vision, as well as the directives of the Executive Council and the strategic vision of the Central Finance Department, which It works to achieve the highest levels of financial sustainability, and the efficiency of managing government financial resources, and supports 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 their continuity in Promoting the growth, development and development of the emirate, and developing public budget financing techniques in search of the best financing opportunities available internally and externally, to ensure the government's financial sustainability.
He stressed that the general budget for 2021 is the largest in the history of the emirate, and it is a budget with two dimensions, the first for economic and social development, and the other dimension to sustainability and infrastructure development for the emirate.
He added that 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 have achieved and will add value to the emirate, as An effective station for tourist, scientific and cultural attractions, laying the foundations of a promising investment environment, developing areas for investment in human resources, and increasing employment opportunities.
Perfect balance
In turn, the Director General of the Central Finance Department, Walid Al-Sayegh, affirmed that at a time when the world is witnessing indications of stagnation, contraction, project stoppages, and the suffering of the global economy, cases of complete and partial closures, prevailing in the health aspect over the economic aspects, Sharjah has created an ideal balance between the two dimensions, so it continued The process of implementing capital projects and initiatives.
The subsidy and aid budget constituted about (11%) of the general budget, while the loan repayment budget and its interest accounted for (6%) of the total general budget for 2021.
According to the economic sectors, the infrastructure sector ranked first among the sectors of the general budget, constituting (43%) of the total budget for 2021, with an increase of (40%) over the 2020 budget, while the economic development sector came in second place. It constituted about (29%), followed by the social development sector, whose relative importance was (21%).
The government administration, security and safety sector accounted for about (7%) of the total general budget for 2021.
Revenues
Operating revenues accounted for (73%) of the total revenue budget for 2021, while the percentage of capital revenues reached (14%), and tax revenues (7%).
Customs revenues accounted for (5%), and oil and gas revenues accounted for (1%).
Follow our latest local and sports news, and the latest political and economic developments via Google news