Dubai authorities approve the largest budget in history
Dubai authorities have approved the emirate’s budget for 2025-2027 with record revenues of Dh302 billion and expenditures of Dh272 billion, the largest one in the emirate’s history.
Dubai’s budget was approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai.
In his X account, he stated the following: ‘Today we approved Dubai’s budget for 2005-2027 with revenues of AED 302 billion and expenditure of AED 272 billion, making it the largest budget in the emirate’s history. A significant 46 per cent of next year’s budget has been allocated to major infrastructure projects, including roads, bridges, energy and sewage networks, as well as the construction of a new airport. 30 per cent of the [emirate’s] budget has been allocated to health, education, social development, housing and other basic social services.’
The estimated expenditure of Dubai’s budget for fiscal year 2025 is Dh86.26bn, while its estimated revenues are expected to reach Dh97.66bn. The emirate’s budget also includes a general reserve of Dh5bn, underlining the Dubai authorities’ commitment to supporting development projects, boosting the overall economy and achieving the ambitious goals of the Dubai Plan 2030 (Dubai Plan 2030), Dubai Economic Strategy D33 and Quality-of-Life Strategy 2033 (Quality-of-Life Strategy 2033).
30 per cent of the 2025 budget expenditure is allocated to the social sector, which includes spending on health, education, research, housing and support for needy families, women and children. This budget line also includes investment in youth and sports projects, as well as support for the elderly, pensioners and people with disabilities.
Significant attention has also been paid to security and law enforcement, with 18 per cent of Dubai’s new budget allocated to support and develop this sector.
The Emirate’s 2025 budget allocates 46 per cent of its spending power to infrastructure development and related construction projects. These projects include the construction of roads, tunnels, bridges, transport and sewerage networks, parks, renewable energy generation plants and more. This expenditure item also includes the Al Maktoum International Airport expansion project and other such projects.
‘This year, we have also established a Dh40bn portfolio [of assets] for [developing] public-private partnerships. Our aim is to preserve and protect our financial reserves for future generations. Mr Maktoum bin Mohammed is managing this portfolio well, and we have confidence in him and his team. Dubai is well-positioned for the future with financial strength. The next phase promises more progress and the best is yet to come,’ the ruler of Dubai said in a post on social media X.
Source: Gulf News
