{"id":97337,"date":"2024-10-30T00:00:00","date_gmt":"2024-10-30T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-ruler-approves-record-aed-272-bn-budget-for-2025-2027\/"},"modified":"2024-10-30T00:00:00","modified_gmt":"2024-10-30T00:00:00","slug":"dubai-ruler-approves-record-aed-272-bn-budget-for-2025-2027","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/30\/dubai-ruler-approves-record-aed-272-bn-budget-for-2025-2027\/","title":{"rendered":"Dubai ruler approves record AED 272 bn budget for 2025-2027"},"content":{"rendered":"

Dubai ruler signs off on emirate\u2019s largest-ever three-year budget: <\/strong>Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum approved a record AED 272 bn budget for the emirate covering 2025-2027, marking the largest budget cycle in Dubai's history, according to a Dubai Media Office statement<\/a>. The government projects AED 302 bn in revenues and AED 272 bn in expenditures during this period \u2014 which would net an operational surplus of 21% for the first time.<\/p>\n

For 2025:<\/strong> Projected expenditure for the 2025 fiscal year is AED 86.26 bn, with revenues expected to total AED 97.7 bn. The final spending plan sets out a 9% y-o-y increase in expenditure compared to 2024\u2019s budget of AED 79.1 bn. The government expects to achieve an operating surplus of up to 4% of 2025\u2019s GDP. <\/p>\n

Infrastructure is getting nearly half of the funds: <\/strong>The budget allocates 46% of spending to infrastructure, with projects including roads, tunnels, bridges, transportation systems, sewage stations, parks, renewables facilities, and a rainwater drainage network. It also includes work on the USD 35 bn expansion of Al Maktoum Airport<\/a>.<\/p>\n

The rest of the breakdown: <\/strong>Some 30% of spending will go towards social development, 18% to security, justice, and public safety, and 6% to public services and scientific research.<\/p>\n

REMEMBER- The UAE cabinet also <\/strong>greenlit its largest ever federal budget<\/a><\/strong> for 2025 <\/strong>earlier this month. <\/strong>The budget sets out a 12% y-o-y increase in expenditure compared to 2024\u2019s budget, with revenues also expected to grow 9% y-o-y to AED 71.5 bn. <\/p>\n","protected":false},"excerpt":{"rendered":"

Revenues will come in at AED 302 bn over the next three years<\/p>\n","protected":false},"author":1,"featured_media":97338,"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":[162,87,19,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-97337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-watch","tag-budget-watch","tag-dubai","tag-economy","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"03dc508c-b3b9-4d8e-a706-a762d168d84c","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/698.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai ruler approves record AED 272 bn budget for 2025-2027","related_issue":[97332],"teaser":"Revenues will come in at AED 302 bn over the next three years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.a1b2e0a2-756c-4cb4-a073-720f638c55fc.mp3"},"yoast_head":"\nDubai ruler approves record AED 272 bn budget for 2025-2027 - 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