UAE approves Dh292.5 billion budget for 2027-2029
The UAE Cabinet on Monday approved the country’s AED 292.5 billion federal budget for 2027-2029. Under the plan, federal government spending will increase by 28.3 per cent compared with the previous three-year period.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced that the Cabinet had also approved the 2027 federal budget, with total expenditure of AED 90.1 billion.
Emphasising the continuity of government policies, he said: “Our priorities remain firm and unchanged: education, healthcare, housing, social services, and improving citizens’ quality of life and stability.”
Sheikh Mohammed bin Rashid added: “Under the leadership of my brother, Sheikh Mohamed bin Zayed, President of the UAE, we will continue to build on our achievements, safeguard our successes and work to provide the best possible living conditions.”
Details of the UAE’s 2027 federal budget
According to the published details, social development and pensions received the largest allocation at AED 34.6 billion, equivalent to 38.4 per cent of the total budget.
A further AED 29.1 billion, or 32.3 per cent, was allocated to government affairs.
The remaining allocations in the 2027 budget are as follows:
- Federal expenditure: AED 17.8 billion, equivalent to 19.7 per cent
- Financial assets and investments: AED 5.6 billion, equivalent to 6.2 per cent
- Infrastructure and economic resources: AED 3 billion, equivalent to 3.4 per cent
Under the plan, social development and support for pensioners lead the UAE’s 2027 budget spending priorities, while a significant share of government funding has also been allocated to government affairs and federal expenditure.