UAE: UAE approves federal spending of 58.9 bn dirhams for 2022 – Gulf Digital News

dirhams, federal, uae, budget, ministry,
UAE
  • Date: 14-Oct-2021
  • Source: Gulf Daily…
  • Sector: Technology
  • Country: UAE
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UAE: UAE approves federal spending of 58.9 bn dirhams for 2022 – Gulf Digital News

The United Arab Emirates has approved a federal budget of 58.9 billion dirhams ($16.04 billion) for 2022, the Finance Ministry said on Wednesday.

The budget allocates 24.2 billion dirhams for social development and benefits, 21.5 billion dirhams for general government affairs and 980.5 million dirhams for federal projects.

The federal budget accounts for only a fraction of consolidated state spending in the UAE as individual emirates such as Abu Dhabi and Dubai also have their own budgets. It is, however, an indication of official plans for the economy.

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