Prime Min­is­ter unveils five-year bud­get

7 Days in Dubai - - FRONT PAGE - By Ma­hak Man­nan @Ma­hakLFC ma­

The UAE’s fed­eral bud­get has been an­nounced for the next five years, with a sub­stan­tial amount of the quar­ter of a tril­lion dirhams to be spent on ed­u­ca­tion.

HH Sheikh Mo­hammed bin Rashid Al Mak­toum, Vice Pres­i­dent and Prime Min­is­ter of the UAE and Ruler of Dubai, said that the fed­eral gov­ern­ment, led by the UAE Pres­i­dent HH Khal­ifa bin Zayed Al Nahyan, con­tin­ues to achieve the hap­pi­ness of its peo­ple and to en­sure se­cu­rity and a de­cent life for them, state news agency WAM re­ported.

Sheikh Mo­hammed said: “Util­is­ing the fi­nan­cial re­sources to achieve the high­est de­gree of pros­per­ity and wel­fare of the cit­i­zens and res­i­dents is a pri­or­ity, un­der­lin­ing ed­u­ca­tion, health and com­mu­nity wel­fare as key pil­lars for the de­vel­op­ment of the so­ci­ety.”

The cabi­net adopted the gen­eral fed­eral bud­get for 2017-2021, with to­tal of Dhs248 bil­lion over five years and a bud­get of Dhs48.7 bil­lion for 2017.


A fifth of 2017’s Dhs48.7 bil­lion bud­get has been al­lo­cated to ed­u­ca­tion with 10.2 bil­lion to be in­vested in the sec­tor. Ac­cord­ing to the cabi­net, the ma­jor­ity of the bud­get has been al­lo­cated to sec­tors that are re­lated to so­cial ser­vices in­clud­ing health­care and pro­tec­tion of so­ci­ety, which has been al­lot­ted 8.6 per cent of the bud­get or Dhs4.2 bil­lion.


Dhs4 bil­lion, or 8.2 per cent of the bud­get, will go to pen­sions, while com­mu­nity de­vel- op­ment and hous­ing have been al­lo­cated Dhs3.2 bil­lion and Dhs1.6 bil­lion re­spec­tively.

Forty-two per cent of the to­tal bud­get, val­ued at Dhs20.7 bil­lion, has been al­lot­ted to the gov­ern­ment af­fairs sec­tor to man­age its fi­nan­cial af­fairs and pro­vide ser­vices to cit­i­zens.


Fed­eral projects have been al­lo­cated Dhs3.3 bil­lion from the bud­get, of which Dhs891 mil­lion will be used for projects of the fed­eral min­istries. Power and wa­ter project de­vel­op­ments in the coun­try which will be im­ple­mented by the Fed­eral Au­thor­ity for Elec­tric­ity and Wa­ter will re­ceive Dhs771 mil­lion.


Dhs1.4 bil­lion from the to­tal will go into projects un­der the Sheikh Zayed Hous­ing Pro­gramme, while Dhs13.5 mil­lion will be al­lot­ted for projects of the Min­istry of Ed­u­ca­tion. A to­tal of Dhs215 mil­lion will be spent on build­ing more po­lice and civil de­fence cen­tres, head­quar­ters of nat­u­ral­i­sa­tion and res­i­dence, and sci­en­tific lab­o­ra­to­ries.


Dhs2 bil­lion has been set aside to sup­port in­no­va­tion, through the es­tab­lish­ment of the Sheikh Mo­hammed bin Rashid Al Mak­toum Fund to Fi­nance In­no­va­tion.

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