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2 clusters · 9 sources · 12 days · First seen · Last updated
UAE federal budget and fiscal planning
Overview
The United Arab Emirates has moved forward with its long-term fiscal planning and budget preparations. Initially, the Federal Tax Authority engaged with BRICS tax officials in New Delhi to discuss international cooperation and the implementation of technology-enabled tax systems. During this period, the General Budget Committee also began reviewing the draft federal budget for the 2027 fiscal year, with an emphasis on using artificial intelligence to improve fiscal efficiency.
Following these reviews, the UAE Cabinet approved a Dh292.5 billion federal budget for the 2027–2029 period. This approved budget reflects a 28.3% increase in expenditure compared to the previous three-year cycle. For the 2027 fiscal year specifically, expenditure is set at Dh90.1 billion. The allocation prioritizes social development and pensions, which account for Dh34.6 billion, or 38.4% of the 2027 spending, alongside significant funds for government affairs and federal expenditure.
Entities
Maktoum bin Mohammed bin Rashid Al Maktoum · United Arab Emirates · UAE Cabinet · BRICS · UAE
Timeline
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[BUSINESS] 8 sourcesUAE approves Dh292.5 billion federal budget for 2027–2029
The UAE Cabinet approved a Dh292.5 billion federal budget for 2027–2029, a 28.3% increase aimed at social development, healthcare, and education.
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[BUSINESS] 2 sourcesUAE advances fiscal strategy through BRICS cooperation and budget reviews
The UAE is advancing its fiscal and tax strategies through participation in BRICS meetings and the review of the 2027 draft federal budget, with an emphasis on digital transformation and AI.
Sources
bazaartimes.com · businessmagazineuae.com · dailyguardian.ae · dubaicityguide.com · economymiddleeast.com · emirates247.com · gulfnews.com · khaleejtimes.com · trendsmena.com