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UAE Cabinet approves Dh180-billion 'zero-deficit' federal budget.

Summary: Budget is biggest in the history of the Union; 59% of the budget will go to education and social development

Image Credit: Twitter Staff Report

Dubai: A zero-deficit federal budget of Dh180 billion for the next three years has been approved by the UAE Cabinet, it was announced on Sunday.

His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, announced the approval of the federal budget following a Cabinet meeting.

In a tweet, Shaikh Mohammad stated: "I have chaired today a Cabinet meeting, during which we approved the federal budget of Dh180 billion for the next three years."

He added: "59% of the budget will go to education and social development."

The zero-deficit budget will also be the biggest in the history of the Union, according to him.

U[logical not]UUuUU[logical not] U*aaaeaeaa U*U1/4U[logical not]aaU*U U* aaaaU1/4aaU U*aaaeUUU*Ui U*U U[logical not]aaU[macron]aaU* UaaU*aaac 180 aaaaaeU*U U[macron]Uacaa aaaeUU*aaaeU[umlaut] U*aaU*U[logical not]U[degrees]U*U[macron] UaaU*aa U*aaU1/2aaU*U1/2 UuU aeU*aa U*aaaeU*U[macron]aaU[umlaut] .. 59% aaaa aaaeUU*aaaeU[logical not]aaU* aaaaU[logical not]U aaaeaa aeU[logical not]aaaaaeU[umlaut] U*aaaaU1/4U[logical not]aaU .. aaaeU*UaaU[logical not]aaU* U aaU* U U1/4U .. aeaaaeUU*aaaeU[umlaut] U*aaU U*aa U*aaaeU*U[macron]aa UU[logical not]aaaeaa U*aaUuaaU U auae U[logical not]U*UaeU U*aaU*U[logical not]U[degrees]U*U[macron] .. -- HH Sheikh Mohammed (@HHShkMohd) September 30, 2018

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Publication:Gulf News (United Arab Emirates)
Geographic Code:7UNIT
Date:Sep 30, 2018
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