United Arab Emirates Cabinet Approves AED 58 Billion Budget for 2021

The United Arab Emirates (UAE) Cabinet approved the 2021 federal budget with an estimated spending of AED 58.113 billion on the 1st of November 2020, with a focus on social and economic development, according to local media reports.

Chairing the meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai stated that important national projects would continue to be implemented in 2021, with development remaining a priority despite global economic challenges.

Sheikh Mohammed added that the UAE’s efficiency of government spending was among the highest globally, and the 2021 federal budget would keep in pace with gl...