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The cabinet approved a budget of 58 billion dirhams.

The cabinet approved a budget of 58 billion dirhams. The UAE budget for 2020 was 6100 crore dirhams. Next year’s budget allocation is less than $ 3 billion .The UAE’s economy is expected to grow rapidly by 2021. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai said. The government has been able to effectively implement the 2020 budget. The government has the capacity to continue this next year. An efficient year is coming.

Priority will be given to development projects. Sheikh Mohammed said he had evaluated the achievements and future plans of the Emirates Investment Authority. Entrepreneurs, citizens and residents alike are looking forward to the government budget at a time of global financial crisis caused by Kovid. The UAE has announced several economic stimulus packages this year without waiting for the budget, and the cabinet has approved economic agreements with six countries on the African continent.

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