UAE cabinet approves zero-deficit federal budget for 2020

Twitter / @HHShkMohd

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.

More from Business

Recently Played

Latest Blogs

  • PINOY BULLETIN: JUNE 02 - 06, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.

  • PINOY BULLETIN: MAY 26 - 30, 2025

    Pinoy Expat Corner

    Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities! Make sure to tune in every weekdays to Tag Gising Na from 5AM - 10 AM for a comprehensive roundup of important updates.