UAE Cabinet Approves Three-Year Federal Budget Plan for 2027-2029
What happened
The UAE Cabinet approved a federal budget plan covering 2027 through 2029, totaling 292.5 billion dirhams ($79.6 billion). The 2027 allocation alone is 90.1 billion dirhams. This three-year plan represents a 28.3% increase compared to the 227.1 billion dirhams allocated for 2024–2026. Social development, including education and healthcare, received the largest share in the 2027 budget.
From arabnews.com
Why it matters
The approval signals a substantial increase in government spending, with the three-year plan being 28.3% higher than the prior period. The prioritization of social services, such as education and healthcare, reflects a commitment to sustained investment in the population.
From arabnews.com
Who's involved
- cabinetThe group of high-ranking officials that approved the federal budget plan.
- Mohammed bin Rashid Al MaktoumChaired the Cabinet that approved the federal budget plan.
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The entities involved
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cabinet
group of high ranking officials, usually representing the executive branch of government
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran