The UAE Cabinet has approved a zero-deficit federal budget of AED 61 billion for next year.
The spending plan was endorsed during a Cabinet meeting on Tuesday which was chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai.
A third of it will be allocated to country's social development sector while the rest will go to infrastructure, economic resources and living benefits
It's the largest budget ever in the history of the UAE.
واعتمدنا اليوم مشاركة الامارات ضمن التحالف الدولي للطاقة الشمسية .. وإعادة تشكيل مجلس الامارات للتغير المناخي والبيئة ... جهود الامارات في مجال التغير المناخي ستبقى مستمرة ومتسارعة كواجب دولي وتاريخي تجاه الأجيال القادمة pic.twitter.com/OPqxkbBICi
— HH Sheikh Mohammed (@HHShkMohd) October 29, 2019
UAE pushes for South America trade deal at Mercosur Summit
UAE-Ukraine CEPA takes effect, boosting economic ties
UAE looks to deepen Panama ties as trade jumps nearly 50%
Al Tayer calls for global action on critical minerals to power clean energy transition
UAE, US strengthen economic and financial partnership during Washington talks
