UAE cabinet approves largest budget ever recorded | ZAWYA MENA Edition:
The UAE cabinet has approved a zero-deficit federal budget of 61 billion dirhams ($16.61 billion) for the fiscal year 2020 on Tuesday.
Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE, and ruler of Dubai, said a third of the budget is allocated for social development, one third for government affairs and the rest to infrastructure, economic resources and living benefits. This is the largest budget ever recorded in the UAE.
"2020 will be the beginning of a new decade of development," he tweeted.
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