UAE Cabinet approves AED 292.5 billion for 2027-2029

The UAE Cabinet has approved a budget of AED 292.5 billion for 2027-2029, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, announced on Monday.

It reflects a 28.3 per cent increase compared to the preceding three-year period.

The budget for the fiscal year 2027 was also approved, with expenditures estimated at AED 90.1 billion.

"Our priorities remain steadfast: education, healthcare, housing, social services, and the quality of life and stability of our citizens," Sheikh Mohammed wrote on social media platform X.

"Under the leadership of my brother Sheikh Mohamed bin Zayed, we will continue to consolidate our gains, safeguard our achievements, and press ahead in building the best possible life."

Of the 2027 budget, the Cabinet has allocated AED34.6 billion (38.4 per cent) to Social Development and Pensions, AED29.1 billion (32.3 per cent) to Government Affairs, AED17.8 billion (19.7 per cent) to Federal Expenses, AED5.6 billion (6.2 per cent) to Financial Assets and Financial Investments, and AED3 billion (3.4 per cent) to Infrastructure and Economic Resources.

Main sectors covered by the new federal budget include community protection and safety; the economy of the future; future-oriented education; employment and empowerment; health and quality of life; leadership, government affairs, and international relations; as well as industry, technology, energy, infrastructure, culture, media, and sports.

Chaired by Mohammed bin Rashid, UAE Cabinet approves the Federal General Budget for 2027 to 2029 with a total of AED 292.5 billion and growth of 28.3% compared with the previous three years#uaegov pic.twitter.com/3CFVcO42Ou

— UAEGOV (@UAEmediaoffice) October 12, 2026