FNC approves Union General Budget for fiscal year 2025

2 hours ago 1

The Federal National Council (FNC) approved during its 2nd mean league of the 18th legislative section a draught national instrumentality linking the Union General Budget and the budgets of autarkic national entities for the fiscal twelvemonth 2025.

The session, chaired by FNC Speaker Saqr Gobash, was attended by Abdul Rahman bin Mohammad Al Owais, Minister of Health and Prevention and Minister of State for FNC Affairs, and Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs.

Al Hussaini said the Union General Budget, approved by the Federal Cabinet, totals AED71.5 cardinal successful revenues and AED71.5 cardinal successful estimated expenditures, maintaining a balanced attack betwixt income and spending.

This national fund represents the largest successful the UAE's history, underscoring the UAE leadership's imaginativeness for improving the prime of beingness and achieving sustainable development. It besides reflects the robustness of the nationalist system and the sustainability of resources to enactment cardinal developmental, economic, and societal projects, helium added.

The 2025 fund is allocated crossed cardinal sectors, including societal development, authorities affairs, and economical affairs alongside different national expenses.

AED27.859 billion, representing 39% of the full national budget, has been dedicated to the societal improvement sector. Of this amount, AED9.990 cardinal (15.3%) is allocated to nationalist and higher acquisition programmes, AED5.505 cardinal to healthcare and assemblage prevention services, and AED8.956 cardinal to societal care.

AED1.288 bn went to civilization and arts, AED660 mn to housing, AED8.126 bn to defence affairs, AED8.179 bn to nationalist affairs and safety, AED2.523 bn to economical affairs and AED23.431 bn to nationalist services.

During the session, Marwan Obaid Al Muhairi and Mira Sultan Al Suwaidi were elected arsenic observers of the Council by acclamation.

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