Vice President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, approved the Dubai budget for the fiscal years 2022, 2023 and 2024, with a total expenditure of 181 billion dirhams ($49 billion).
Include budget includes Expenditures of about 60 billion dirhams for the current year, while the estimated revenue came at 57.5 billion dirhams.
His Highness Sheikh Mohammed bin Rashid Al Maktoum has approved Dubai’s budget for the fiscal years 2022-2024 with a total expenditure of 181 billion dirhams, including expenditures of about 60 billion dirhams for the year 2022… The priority will remain for citizens, their happiness and providing them with the finest services. pic.twitter.com/VcZgUtqlR6
— Hamdan bin Mohammed (@HamdanMohammed) January 2, 2022
Dubai Crown Prince Sheikh Hamdan bin Mohammed said in a tweet on Twitter that “the Dubai government is continuing to consolidate the emirate’s position as a global economic center, enhance its competitiveness and meet our future aspirations in leading global economic recovery efforts in the next stage.”
He pointed out that the value of expenditures for the three years amounting to 181 billion dirhams, includes expenditures of about 60 billion dirhams for 2022, stressing that “the priority will remain for citizens and their happiness and providing them with the finest services.”
The budget of the Emirate of Dubai aims to reach a balance in the year 2024, with expected revenues and expenditures of 61 billion dirhams.