FINANCIAL NEWS

UAE confirms 5-year USD67.5bn federal budget

01 Nov 2016

(MENAFN) The UAE Cabinet approved the five-year federal budget for 2017-2021, with total of USD67.5bn, including Dh48.7bn for 2017.

Accordingly, the country aims to offer all the means and capabilities to meet the needs of the future Government vision.

In addition, the budget also aims to increase customer satisfaction about the federal government’s efforts to boost the welfare, prosperity and security.

The budget also allocated 42 percent for government affairs sector, valued Dh20.7bn in order to manage its fiscal affairs.

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