Dubai’s Vice-President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, has given the green signal to the city’s general budget for 2024-2026, totaling Dh246.6 billion. This budget aligns with Dubai’s growth plans, including the Dubai Strategic Plan 2030 and the Dubai Economic Agenda “D33.”
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, highlighted the budget’s importance in accelerating economic growth, maintaining stability, and supporting various sectors. The budget aims to boost entrepreneurship, attract foreign investments, improve social welfare, and invest in areas like space research, digitization, and artificial intelligence.
Moreover, Abdulrahman Saleh Al Saleh, Director General of the Department of Finance for the Government of Dubai, stressed the importance of financial sustainability, competitiveness, and transparency. The budget aligns with the city’s strategic goals and the vision of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
The Dubai government’s commitment to disciplined financial policies has led to a general reserve being established from annual revenues, reaching approximately Dh20.6 billion over the next three years (2024-2026). Additionally, the Supreme Fiscal Committee in Dubai is working to reserve annual surpluses to enhance the emirate’s financial position.
