The UAE has approved a zero-deficit federal budget for the fiscal year 2020. This amount reflects an increase of nearly 2% compared to the budget of the fiscal year 2019, thus making the 2020 federal budget the largest since the establishment of the country. One third of the budget is dedicated to social development, one third to government affairs, and the remainder allocated to infrastructure, economic resources and social benefits. The 2020 federal budget reflects the strength of the national economy and the sustainability of resources to finance the country's development, economic and social projects.
The social development and social benefits project allocations of the consolidated budget aims to improve living standards and provide a decent life for citizens and residents in the UAE, the allocations for the social development and social benefits sectors have been allotted to programmes, projects and initiatives that will enhance the education sector in the country, improve the quality of healthcare to provide the highest levels of medical services, support housing programmes for citizens, and improve the quality of life for special groups in society.
For more details on the 2020 Federal Government Budget