On Sunday, the United Arab Emirates announced a new expansion budget, the last of the five-year plan (2017-2021). Like its predecessors, it was distinguished by the continuation of investment spending and the preservation of more than 40% of spending on programs for social development and social benefits by 26.04 billion dirhams of Origin 58.1 billion dirhams, or 42.6%.
While allocations were pumped to public, higher and university education programs by 9.6 billion dirhams (15.7% of the total), and 4.97 billion dirhams for health care and community protection (8.1%), no less than 11.53 billion dirhams were allocated under investment spending sections. , aFor infrastructure, economic, financial investments and federal projects.
The strength of the national economy
The Council of Ministers, headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, may God protect him, approved the general budget of the Union 2021, with a total estimated expenditures of 58 billion dirhams, which reflects the strength of the national economy and the abundance and sustainability of resources to finance development and economic projects And social, as its allocations for the fiscal year 2021 were distributed among the various sectors.
According to its objectives and the initiatives under it, the budget aims to raise living standards and provide a decent life for citizens and residents in the UAE, as allocations have been distributed to a number of sectors to include social development, social benefits, programs, projects and initiatives that will strengthen the education sector in the country and improve the quality of health care to provide the finest Levels of medical services for the country’s residents, support for housing programs for citizens and enhancing the quality of life for various members of society.
Minister of Finance
His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, affirmed that the support of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, may God protect him, and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, may God protect him, The main reason behind the supremacy of the state and directing financial resources to achieve the highest standards of quality of life for citizens and residents.
His Highness said: “The development of the draft budget for the fiscal year 2021 was in accordance with the best international practices and using the latest electronic systems, with the aim of raising the efficiency of spending and directing it towards strategically important sectors, in order to enhance the ability of government agencies to implement and achieve their goals and programs with the required efficiency.”
This came on the heels of the approval of the Council of Ministers headed by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the draft of the general budget of the Union for the fiscal year 2021, which is the last year of the five-year plan (2017-2021), at a cost of 58.1 billion dirhams, and following the announcement of the new government structure Federalism, which included merging ministries and agencies and changing powers and responsibilities.
His Highness affirmed the insightful vision and directives of the wise leadership in directing financial resources to achieve the highest standards of quality of life and happiness for citizens and residents in the country, and to provide the highest levels of social care to deserving groups, the best health and educational services, and the development of the basic infrastructure necessary to encourage local investments and attract foreign capital, to be invested in projects. Industrial, commercial, real estate and services, and providing a network of modern roads and distinguished government services.
His Highness explained that the main objective of developing the draft budget and preparing it in the form of periodic plans is to develop the level of social services provided and focus on raising the level of smart government services, and increasing the percentage of customer satisfaction, as it affirms the federal government’s efforts to provide welfare, prosperity, happiness and security for all members of society. .
Solid foundations
His Highness said: “The wise leadership has laid solid foundations for government work through which it supports the directions of the UAE and its march to achieve the UAE Centennial 2071, to reach the UAE to first place in the world in various fields, to be the best country and the best government in the world, and to enjoy the best health system according to The highest international standards, the best high-level educational system, the best competitive knowledge economy, and the world’s happiest community.
In turn, the Ministry of Finance held workshops for all federal entities, through visual communication technology to train its specialists on the procedures, steps and rules followed for preparing the draft general budget, in accordance with the zero-budget system in force in the federal government, and explaining the decisions and financial circular issued regarding the preparation of the 2021 draft budget. .
Intelligent job budget system
The Ministry of Finance has completed the development of financial systems through the application of the smart job budget system launched by the ministry in cooperation with the Federal Authority for Government Human Resources, in line with the country’s smart government strategy and as part of its continuous efforts to develop all electronic systems to serve the various federal entities. The system aims to automate all periodic job budgeting procedures and cancel all paperwork.
Directing resources
The 2021 budget focuses on directing federal financial resources to achieve the goals and programs of federal entities, within the government’s strategy, to ensure sustainable and balanced development and to achieve the Ministry of Finance’s mission to ensure the best use of government resources and implement effective financial policies.
Federal authorities have updated their budget projects for the fiscal year 2021 in the automated system for preparing the budget within the five-year general budget plan 2017-2021 in line with the UAE vision 2021 and to achieve the “UAE Centennial 2071”, which aims to make the UAE among the best countries in the world and the first in all fields.
How were the budget allocations for 2021 distributed?
First: social development and social benefits
- Estimates of assigned programs reached For social development and social benefits 26.04 billion dirhams, 42.6% of the total general budget. Allocated appropriations also amounted For general, higher and university education programs 9.6 billion dirhams, or 15.7% of the total budget, while estimates are Costs of general education programs 6.2 billion dirhams, 10.2% of the total general budget. Estimates are reported Higher and university education 3.4 billion dirhams, 5.5% of the total budget.
- Credits are reached Health care and community protection 4.97 billion dirhams, 8.1% of the total general budget, to provide the highest levels of medical care services to citizens and residents, and all necessary funds have been allocated to confront the new Corona pandemic (Covid-19).
- Credits are reached Programs to guarantee social rights and activate societal integration An amount of 3.4 billion dirhams, or 5.6% of the total budget, to confirm the state’s sponsorship of those who deserve support, and to provide subsidies to special groups that need care.
- Credits are reached for programs Social benefits – pensions 4.6 billion dirhams, or 7.6% of the total general budget for civilian and military retirement pensions.
Second: the government affairs sector
- Allocate For the general government affairs sector Financial allocations amounting to 21.3 billion dirhams, or 34.8% of the total budget, to manage government affairs, provide the latest services and achieve justice for all members of society, in order to achieve the vision of the wise leadership for the UAE to be a state of security and safety for citizens and residents.
- An amount of 4.5 billion dirhams has been allocated For infrastructure and economy By 7.4% of the total budget, 19.3 billion dirhams have been allocated For social development And by 31.6% of the total budget. And the amount of 4.6 billion dirhams For social benefits And by 7.6% of the total budget, and the amount of 7.7 billion dirhams Federal expenses Others, at 12.7% of the total budget, and an amount of 3.1 billion dirhams has been allocated For financial investments With 5% of the total general budget, the federal government’s contribution is represented by the Emirates Investment Authority, the Emirates Development Bank, and the Etihad Rail Company. In addition, an amount of 529 million dirhams has been allocated for other grants.
Third: Federal Projects
- An amount of 3.93 billion dirhams is listed For federal projects, Broken down as follows:
- The federation’s general budget for the year 2021 included funds to finance the federal government’s share of establishing the railway network in the country at an amount of 1.4 billion dirhams.
- An amount of 126 million dirhams has been allocated for the projects of the Emirates Space Agency.
- Appropriations of 963 million dirhams have been included for infrastructure development projects.
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