Held at at EXPO 2020 Dubai, UAE cabinet session approves 2022- 2026 general budget

Dubai, The UAE cabinet, chaired by HH Shaikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, approved the UAE general budget for 2022- 2026, with total expenditures of AED290 billion and the UAE General Budget for the year 2022, with AED58.931 billion expenditures.

 

At the session, held at EXPO 2020 Dubai, the cabinet also approved the new government strategic approach that serves as a framework to lay the foundations of work for the next 50 years.

 

HH Shaikh Mohammed directed all government entities to adopt the new government strategic approach while setting priorities and developing projects and work plans, UAE news agency WAM reported.

 

During the cabinet meeting, the UAE General Budget for 2022- 2026 was also approved, with AED290 billion expenditures. The budget for 2022 was also approved, with AED58.931 billion expenditures.

 

The largest share of the 2022 budget was allocated to the development and social benefits sector at 41.2%, out of them 16.3% for education, 6% for social development, 8.4% for health, 8.2% for pensions and 2.6% for other services.

 

Some 3.8% of the budget has been allocated to the infrastructure and financial resources sector.

 

Source: Bahrain News Agency

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