299 billion dirhams of “federal” revenues expected in the budget (2022-2026)

3796 jobs for citizens and 300 million dirhams for the “Graduate Fund” in the 2022 budget

During the discussion of the draft law, the National Assembly adopted 3 parliamentary recommendations.

From the source

The Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, confirmed that the draft federal law on linking the general budget of the Federation for the fiscal year 2022 includes the provision of 3796 vacant jobs for citizens in various federal agencies in the state, pointing to the issuance of a decision by the Ministerial Council for Development, to transfer the allocations of the Resources Development Fund Human Resources to the Ministry of Finance, with the allocation of 300 million dirhams in the new budget of the Graduate Fund.

During the Federal National Council session yesterday, chaired by the Speaker of the Council, Saqr Ghobash, the minister made a presentation that included a plan for the draft budget of the Union for the years 2022 to 2026, the executive summary of which revealed that public revenues were estimated at 299 billion dirhams, an increase of 25 billion dirhams over the current cycle ( 2017-2021) and general expenditures were estimated at 290.7 billion dirhams, an increase over the current cycle by 11 billion dirhams.

In detail, the Federal National Council held, yesterday, its second session of its third regular session, for the seventeenth legislative term, headed by the Speaker of the Council, Saqr Ghobash, Speaker of the Council, during which it discussed a draft federal law on linking the general budget of the Federation for the fiscal year 2022, in the presence of the Minister of Health. and Community Protection, Minister of State for Federal National Council Affairs, Abdul Rahman Al Owais, and Minister of State for Financial Affairs, Muhammad bin Hadi Al Husseini.

The session began with a parliamentary question that Council member Obaid Khalfan Al-Ghoul Al-Salami addressed to the Minister of State for Financial Affairs, about the “weak Emiratisation rates in the banking sector,” which stated that “the Cabinet issued a decision in 2015 to adopt the Emiratisation strategy in the banking sector with a points system, which resolved An alternative to the ratio system, and despite the obligation of banks operating in the country to the settlement system issued by the Central Bank about four years ago, but the actually announced figures and ratios are still below what was hoped for, after recording their lowest levels in eight years. What are the reasons for the low Emiratisation rate in the banking sector in the country, despite the existence of many initiatives and programs, with the aim of increasing Emiratisation rates in this banking sector?

The minister replied, “The Cabinet approved the Emiratisation strategy in the banking sector on the points system, and this strategy entered into force in January 2017, and the Central Bank was tasked with implementing this strategy, and circulating it to all banks in the country. It also aims to train and qualify citizens,” noting He pointed out that Emiratisation in banks is carried out through a points system that aims to increase the number of citizens at various job levels in banks.

The minister added that “nationalization figures in banks are improving, and the percentage of citizens who occupy vital jobs has increased from 19.3% at the end of 2018 to 23.7% in June 2021, and employment rates in senior jobs have increased from 16.2% to 16.7%, while the percentage has increased in Middle management from 24% to 28.6%,” stressing that the ministry is working to rehabilitate and train citizens to raise their level to assume vital jobs in the higher sectors of the banking sector.

The minister pointed out that the ministry will follow up with the Central Bank the issue of fines on banks that do not adhere to the settlement percentage, appointing citizens to marginal jobs, and urging banks to appoint them to senior positions.

Council member Obaid Khalfan Al-Ghoul commented, “The Central Bank has imposed fines on a number of banks, in implementation of the settlement points system, with a value of 3.6 million dirhams, and these fines are small compared to the large profits obtained by banks, and there are also circumvention methods that banks pursue in the settlement file, including The continuation of the phenomenon of fictitious nationalization, and some resorting to raising nationalization rates, through employment with companies specialized in banking jobs,” noting that there is legal fraud that occurs in the employment of nationals by appointing expatriates in foreign companies.

Al-Salami made a number of proposals, calling for a review of the value of fines on points, a deduction of a percentage of banks’ profits that is transferred to the employment of citizens, and banning banks from dealing with auditing companies outside the country, and that the five best banks be named annually in Emiratisation and honored.

The Council approved a federal draft law on linking the general budget of the Federation for the fiscal year 2022. During the discussion of the draft law, it adopted three parliamentary recommendations, the first of which is that the Sheikh Zayed Housing Program is not affected, and the second is that the Emiratisation program is not affected, and job opportunities are provided in the government and private sectors, while the last, Expedite the issuance of legislation regulating health insurance for citizens, and provide the necessary funding for this.

The Minister of State for Financial Affairs commented on the parliamentary recommendations, stressing that the new budget bill includes providing 3796 vacant jobs for citizens in various federal agencies. Employees in the federal entities, in addition to the decision of the Ministerial Council for Development to transfer the allocations of the Human Resources Development Fund to the Ministry of Finance with the appropriation of 300 million dirhams in the new budget for the Graduate Fund, and finally the allocation of financial funds to the Ministry of Human Resources and Emiratisation, to enable human resources of national cadres worth 43.7 million dirhams.

According to the final draft of the federal draft law regarding linking the general budget of the Federation for the fiscal year 2022, the draft law consists of 34 articles, including a statement of the implementation of the budget of each federal entity covered by Federal Law No. (6) of 2019, regarding linking the general budget of the Federation and independent entities , as well as the outcome of the implementation of the budget of these bodies, in addition to the final account of all independent budgets and the consolidated financial statements, and the consolidated final account of the Union.

The revenues of the general budget of the Federation for the fiscal year 2022 were estimated at 56 billion and 707 million dirhams, while the expenditures were estimated at 58 billion and 931 million dirhams.

Before discussing and approving the draft law, the Ministry of Finance made a presentation of the draft general budget of the Union for the fiscal year 2022, during the session, which included the plan of the draft budget of the Union for the years from 2022 to 2026, and its executive summary revealed that the general revenues of the budget plan for the fiscal year 2022 (first year) from the plan The budget for the years 2022-2026 is estimated at 56.7 billion dirhams, distributed between 18.4 billion dirhams of contributions from the Emirates, 9.2 billion dirhams in taxes, 7.1 billion dirhams in investment returns, 7.1 billion dirhams from the federal franchise, and 14.9 billion dirhams in revenues Federal authorities.

The ministry indicated that the general expenses of the budget plan for the fiscal year 2022, estimated at 58.9 billion dirhams, are allocated to ministries, federal agencies, social benefits, universities, projects and other federal expenditures.

She pointed out that the financing difference between revenues and expenditures for the estimated budget for the fiscal year 2022 is estimated at 2.2 billion dirhams and will be covered and the balance between revenues and expenditures is taken into account through the use of part of the government's cash reserve.

The ministry stated that based on the estimates of revenues and expenditures for the budget plan for the years 2022-2026, public revenues were estimated at 299 billion dirhams, an increase of 25 billion dirhams over the current cycle, and public expenditures were estimated at 290.7 billion dirhams, an increase of 11 billion dirhams over the current cycle.

The ministry confirmed that the general revenues for the 2022-2026 cycle are estimated at 299 billion dirhams, and public expenditures are at a value of 290.6 billion dirhams, then the revenue is estimated according to the available sources of revenue without estimating any new fees or tax returns, within the 2022-2026 budget cycle, then an estimate of the expenses of the fiscal year 2022 is a supplement to the previous plan programs 2017-2021 and 2023-2026 expenditures as an upper limit for operating expenses.

• The

Al-Amimi's absence postpones a bill

The Federal National Council decided to postpone the discussion of a draft federal law regarding the adoption of the consolidated final account of the Federation and the final accounts of independent bodies, for the fiscal year ending on December 31, 2020, to a future session until the presence of the President of the Audit Bureau, Dr. Hareb Saeed Al-Amimi, in accordance with Article (135). Of the constitution, which states that “the final account of the financial management of the Federation for the past fiscal year shall be submitted to the Federal National Council during the four months following the end of the said year, to make its observations on it before submitting it to the Supreme Council for approval, in the light of the auditor general’s report.”

health insurance file

The Minister of State for Financial Affairs, Muhammad bin Hadi Al-Husseini, stated that with regard to housing, 2.4 billion dirhams were allocated to it in the current year’s budget for grants and expenses, compared to two billion and 754 million dirhams in the 2022 budget, stressing that the Ministry of Finance raised visions regarding the health insurance file for citizens. to the Council of Ministers for a decision.

Follow our latest local and sports news and the latest political and economic developments via Google news