{"id":96617,"date":"2024-10-09T00:00:00","date_gmt":"2024-10-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/"},"modified":"2024-10-09T00:00:00","modified_gmt":"2024-10-09T00:00:00","slug":"uae-cabinet-approves-record-aed-71-5-bn-2025-budget","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/09\/uae-cabinet-approves-record-aed-71-5-bn-2025-budget\/","title":{"rendered":"UAE cabinet approves record AED 71.5 bn 2025 budget"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>UAE cabinet gives green light to largest-ever budget: <\/strong>The cabinet approved an AED 71.5 bn budget for the country in 2025, making it the largest in the UAE\u2019s history, state news agency <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b5kvzh9-uae-cabinet-approves-federal-budget-for-fiscal\" style=\"\" rel=\"noopener\">Wam<\/a> reports. The final spending plan sets out a 12% y-o-y increase in expenditure compared to 2024\u2019s budget of <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/3um58p-federal-general-budget-2024-approved-estimated\" style=\"\" rel=\"noopener\">AED 64.06 bn<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenues expected to grow: <\/strong>The government expects revenues to total AED 71.5 bn in 2025, up 9% y-o-y, and signaling a balanced budget, with revenues equating to expenditures.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Public and higher education will dominate social development and pension spending<\/strong>, comprising 15.3% of the budget, while healthcare and community prevention services and pensions will account for 8% each. Some 5.2% will go towards social affairs, and 2.5% for public services. <\/p>\n<p style=\"margin-right: 0px; margin-left: 0px; padding: 0px; line-height: 1.15;\"><span style=\"font-weight: 600;\">Here\u2019s how the rest of the numbers break down:<\/span><\/p>\n<ul>\n<li>Infrastructure and economic affairs: 3.6%<\/li>\n<li>Financial investments: 4%<\/li>\n<li>Other federal expenditures: 17.7%<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The government approved a federal budget of AED 192 bn for 2024-2026 in October 2023.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The sets out a 12% y-o-y increase in expenditure and a 9% y-o-y increase in revenues<\/p>\n","protected":false},"author":1,"featured_media":96618,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1562],"tags":[162,14,19,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-watch","tag-budget-watch","tag-cabinet-watch","tag-economy","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"0960dafe-47da-41d7-ab49-8c97b9474e4c","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/391.jpg","photo_position":"above","homepage_title":"","full_issue_title":"UAE cabinet approves record AED 71.5 bn 2025 budget","related_issue":[96610],"teaser":"The sets out a 12% y-o-y increase in expenditure and a 9% y-o-y increase in revenues","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.50d31e3f-d180-4255-a0a1-af7ba8a64e84.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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