Headed by Maktoum bin Mohammed

The General Budget Committee discusses the financial performance of the federal government

Maktoum bin Mohammed during his presidency of the eighth meeting of the Federation's General Budget Committee.

From the source

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, chaired yesterday the eighth meeting of the Federation's General Budget Committee, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and His Highness Sheikh Abdullah Bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation.

The meeting was also attended by Minister of Cabinet Affairs Muhammad bin Abdullah Al-Gergawi, Minister of State for Financial Affairs Muhammad bin Hadi Al-Husseini, Governor of the Central Bank of the United Arab Emirates Khaled Muhammad Salem Al-Tamimi, in addition to representatives of the Ministry of Finance.

During the meeting, the committee discussed a number of topics, the most important of which was the cash flows of the federal government for the fiscal years 2022-2023 in light of the revenues collected during the fiscal year 2022 and the expected revenue forecasts for the fiscal year 2023.

The committee reviewed the financial position of the federal government for the fiscal year 2022 in light of the actual expenditures and revenues that took place during the year 2022, as the indicators reflect the national economic growth and the recovery of the activities of the various economic sectors in the country. The committee also recommended taking the necessary measures in this regard.

The committee discussed the requests of the federal authorities regarding the supplementary budget for the fiscal year 2023, in addition to reviewing the developments of the approved capital projects that were completed during the fiscal year 2022, and the development projects being implemented during the fiscal year 2023 in accordance with the applicable financial policies and procedures.

It is noteworthy that the Cabinet approved the federal budget until 2026 with a total of 313 billion dirhams, which is the largest in the history of the UAE.

• The indicators reflect the growth of the national economy and the recovery of the activities of the various economic sectors in the country.

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