The UAE’s FNC passes a record fed­eral bud­get for 2019

CEO Middle East - - NEWS -

The Fed­eral Na­tional Coun­cil (FNC) passed the UAE’s fed­eral bud­get of $16.3 bil­lion (AED60.3bn) for 2019, of which over 59% will go to­wards ed­u­ca­tion and so­cial de­vel­op­ment. The bud­get is the high­est of its kind in the coun­try’s his­tory, and marks an in­crease of 17.3% com­pared to $14bn (AED51.4bn) in 2018.

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