UAE approves AED 292.5 bn federal budget for 2027-2029
The three-year spending plan grows 28.3%, even as the federal budget for 2027 comes in 2.5% below this year’s allocation
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The three-year spending plan grows 28.3%, even as the federal budget for 2027 comes in 2.5% below this year’s allocation
Revenues are forecast to come in at AED 329.5 bn for the next three years
Revenues will be equivalent to expenditure
Plus: Adnoc to transfer OMV stake to new investment arm
Taxes made up the lion’s share of the government’s overall revenues for the quarter
The statement provides additional insights over the UAE’s main sources of operational revenues and total expenditures during the period
The bank cites lower oil prices as the reason behind its revision
Dubai is not exposed to oil prices, so the funding and fiscal side will remain resilient
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