Sharjah Ruler approves emirate’s general budget for 2023 at Dh32.2 billion

Sharjah Ruler approves emirate’s general budget for 2023 at Dh32.2 billion

This budget was based on strengthening the financial foundations to enhance economic competitiveness, and cultural, scientific and tourism leadership

By WAM Published: Mon 26 Dec 2022, 10:21 PM Last updated: Mon 26 Dec 2022, 10:22 PM

His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved the emirate's general budget for 2023 with total expenditures amounting to nearly Dh32.2 billion.

The general budget for this year aims to achieve financial sustainability and enhance the economic competitiveness of the emirate.

This budget was based on strengthening the financial foundations to enhance economic competitiveness, and cultural, scientific and tourism leadership. It was also based on strengthening government capabilities in facing global and regional challenges faced by global economies, including inflation, high-interest rates and economic stagnation, which is certainly reflected in all countries.

In light of this, the Sharjah government, using Its financial and economic tools, is working hard to reduce the adverse effects of these challenges on the financial and economic reality of the emirate of Sharjah and protect citizens, residents, companies, and institutions operating in it.

The general budget has adopted many goals, priorities and strategic indicators with economic, social, scientific and cultural dimensions. The most prominent of these goals