UAE, 18 July, 2025 : The UAE has unveiled its 2027–2029 federal budget cycle, emphasizing sustainability, artificial intelligence, and financial efficiency as key drivers of future growth.
Sheikh Maktoum bin Mohammed, Deputy Prime Minister and Minister of Finance, described the new cycle as a shift from traditional budgeting to a strategic, future-ready tool that supports national priorities across education, healthcare, social welfare, and core government services.
The Ministry of Finance has adopted advanced digital tools and AI-powered analytics to optimize spending and enable data-driven decision-making. Budget preparation steps have been reduced from 50 to 10, and procurement timelines shortened to under six minutes.
Since 2017, federal budget cycles have totaled nearly AED 900 billion, while government assets stood at AED 464.4 billion by the end of 2024.
The launch comes as the UAE economy continues strong growth, with non-oil sectors contributing over 75% of GDP and real GDP forecast to rise to 5.4% by 2026.
Source: www.thenationalnews.com
