UAE ready to launch largest budget ever

The UAE’s federal budget for 2020 will increase by 2 per cent, up from the 2019 budget of Dh60.3 billion. The Financial and Economic Committee, chaired by Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance announced. The committee has allocated 42.3 per cent of the budget to social development; 17 per cent of the 2020 budget to education; while 7.3 per cent will go for the health sector. This year’s (2019) budget is already the largest federal budget in the country’s history.