UAE Approves AED 292.5 Billion Federal Budget for 2027-2029

The UAE Cabinet, presided over by Sheikh Mohammed bin Rashid Al Maktoum, approved a Federal General Budget Plan for the 2027–2029 period totaling AED 292.5 billion ($54.7 billion). This expenditure represents a 28.3% increase over the previous three-year cycle.

For the 2027 fiscal year, the government allocated AED 90.1 billion. The largest portion of this annual spend, AED 34.6 billion or 38.4%, is dedicated to social development and pensions. Other 2027 allocations include AED 29.1 billion for government affairs, AED 17.8 billion for federal expenses, AED 5.6 billion for financial assets and investments, and AED 3 billion for infrastructure and economic resources.

The spending plan aligns with the We the UAE 2031 vision, emphasizing global competitiveness and the economy of the future through investments in artificial intelligence and financial data analytics. Sheikh Mohammed stated that the government's priorities remain fixed on education, health, housing, social services, and the stability of citizens. Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini described the budget as a shift toward a more agile and strategic approach to managing public resources.