the UAE Ministry of Finance has been officially launched the Federal General Budget Cycle for 2027-2029, marking a major step in the evolution of the country’s public financial system and supporting long-term strategic objectives, including the UAE centennial 2071.
The new cycle seeks to improve fiscal continuity, emphasize the efficiency of surgery, and government financial planning to have a more convenient time, active, and digitally obtained.
The advertisement agrees to open the new federal government’s federal strategy, “leading to UAE 2031”, by Sheikh Mohammed Bin Rashid, Vice Minister of UAE and Ruler of Dubai.
UAE budget cycle
The new cycle marks the Federal Budget transformation from a traditional annual allocation tool to a strategic entity to achieve federal priorities.
Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of FinanceIt is said that the new cycle is about a wider government-driven method by flexibility, energy, and policy consolidation.
He said: “The reach of ambitions of UAE Centennial 2071 requires a financial system that increases and focuses on the future, a system that can meet global opportunities.
“In that purpose, MOF invests in smart tools and advanced analytical models that ensure financial efficiency, and update the data development data, data development, and social development purposes, and social progress.
“Our vision is to change the federal budget to a willing instrument ready to drive lasting growth and elevate the quality of government services in new heights”.
In the past four cities in the strategic budget, the UAE’s total budget reaches aed900bn ($ 245bn), healthcare, health, and important government services.
The Ministry of Finance remains fiscal strength, with public debt standing at AED62.1BN ($ 16.9bn) to June 2025, and $ 126bn) at the end of 2024.
This strong financial foundation supports UAE commitment to change the budget process of a performance-based system, enabled by artificial system and advanced digital platform.
Mohamed Bin Husi Al Hussaini, the Minister of State for financial activities, emphasizing efforts to administer the financial operations.
The famous achievements include:
- Reduced budget preparation measures from 50 to 10
- Reduce cycles from 60 days to six minutes
- Transfer to a fully integrated digital financial system
Al Hussaini declares that the ministry has shifted from an authority to handle an important institutional institution, focusing on the institution satisfaction, focusing on customer satisfaction and service satisfaction.
The 2027-20229 cycle shows a comprehensive vision of:
- Join artificial intelligence in financial management
- Preparing Financial Financial Financial Financial Scenario
- Support the united and accurate data throughout the government
- Drive lasting growth and development of the UAE competency as a global financial hub
