UAE Cabinet approves Dh58 bn budget for 2021

Dubai: The UAE Cabinet approved a Dh58 billion budget on Sunday for the year 2021.

The budget was allotted with for the development of vital national projects which remain the government’s top priority, Khaleej Times reported.

“The UAE economy will be among the fastest to recover in 2021, and the government has dealt with the 2020 budget efficiently and has all the tools to continue its financial and operational efficiency in 2021,” His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said in a tweet after approving the budget.

Shaikh Mohammed said work on vital national projects will continue in 2021 and their development will remain a priority.

“The federal budget in 2021 keeps pace with global economic changes without compromising national development priorities," he said.

"Our message to all federal entities for the fiscal year 2021 is to have balance in spending, flexibility in plans, and efficiency in budgets."




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