In a landmark move, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, has approved Law No. (23) of 2024, sanctioning Dubai’s General Budget Cycle for 2025-2027 and the government’s general budget for 2025.
With projected total expenditures of AED272 billion and revenues of AED302 billion, this three-year budget, the largest in Dubai's history, aligns with the emirate’s future goals for sustainable growth, economic prosperity, and community well-being.
For the fiscal year 2025, estimated expenditures are AED86.26 billion, with revenues forecasted at AED97.66 billion, including a general reserve of AED5 billion. The budget emphasizes critical sectors: 30% of spending is allocated to social development, covering health, education, and support for families, youth, and seniors; 18% to security and justice; and 46% to infrastructure projects such as Al Maktoum Airport and sustainable transportation networks.
The fiscal plan is tightly aligned with Dubai’s strategic agendas, including the Dubai Economic Agenda D33 and Quality-of-Life Strategy 2033, reinforcing Dubai’s commitment to a progressive, future-ready economy. Digitalization initiatives, including the Smart Installment and Biometric Payment systems, underscore the emirate's shift towards cashless transactions, with the Dubai Cashless Strategy targeting 90% digital payments by 2026.
His Excellency Abdulrahman Saleh Al Saleh, Director General of Dubai Finance, emphasized the budget’s role in enhancing financial sustainability and competitiveness, solidifying Dubai’s global appeal as a destination for innovation and investment.
Aref Ahli, Executive Director of the Planning & General Budget Sector, added that this disciplined financial plan sets Dubai on course to achieve a 21% operating surplus, ensuring long-term financial stability and resilience for the emirate.
News Source: Dubai Media Office
