Dubai: Defaulters can now pay outstanding public funds in instalments

Dubai: Defaulters can now pay outstanding public funds in instalments

Applicants must make an initial payment of 25% of owed amount

Published: Wed 17 Aug 2022, 4:18 PM

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, issued Executive Council Resolution No. (53) of 2022 amending Article No. (25) of Executive Council Resolution No. (5) of 2021, which pertains to Executive Regulation of Law No. (1) of 2016 on the Financial Regulations of the Government of Dubai.

Article No. (25) is related to payment of outstanding public funds by instalments, where the head of a government entity or their authorised representative has the authority to allow payment by instalments of any public funds outlined in a list submitted by such entity to the Department of Finance (DoF).

According to the Resolution, payment of public funds by instalments is subject to several conditions, including: public funds must be due by the date on which the application for payment by instalment is submitted, and the amount of public funds to be paid by instalments must not be less than the minimum amount prescribed by the DoF. Further, the applicant must prove their inability to pay the total outstanding amounts in one payment. The