Recommended

WEEKEND HOTLIST: 11 Ways To Enjoy Your Days OffLove, Drama, and Secrets.. Love Is Blind Star Khatab Spills The Tea On Lovin Dubai!The UAE’s Top Design Studios Shined At Downtown Design 2024

Here’s how it’s split in 2022

The budget is primarily split between housing, grants and support, education, infrastructure investment, securities and salaries and wages

Dubai continues to place a high emphasis on developing social services, and its healthcare, education and cultural sectors. The budget also attention to citizens’ housing sector by raising the value of the housing loan to AED1 million and allocating more than 4,000 plots and houses with a total value of AED5.2 billion in the first phase of the housing programme for citizens in Dubai within a broader 20-year programme of AED65 billion.

The budget also focuses on developing the Social Benefits Fund by supporting families and people of determination, which is set to consolidate Dubai’s position as one of the best cities in the world to live and work in.

Projected government expenditure for 2022 Salary and wage allowances of the 2022 budget account for 34 percent of total government spending, and the government has allocated an amount of AED5.2 billion for construction projects, despite the completion of Expo-related projects, the activation of the Public-Private Partnership Law and the development of project financing mechanisms in the Dubai government through long-term financing.

The government has also allocated nine percent of the total expenditure to maintain the volume of investments in infrastructure, in line with Dubai’s aspirations to be the world’s most preferred destination to live in.

Two percent of the total expenditure is allocated to the private reserve to support emergency preparedness programmes, while public debt accounts for six percent of the total expenditure, to follow a disciplined fiscal policy that ensures the budget fulfills all obligations.

Sectoral distribution of government expenditure The budget of the fiscal year 2022 reflects the government’s commitment to the people. Government spending on the social development sector in areas of health, education, housing and women and children’s care, as well as developing reading and coding initiatives and supporting athletes and people of determination, represents 30 percent of the total expenditure.

The government’s concern for security, justice and safety sees 23 percent of the total expenditure being allocated to promote enhanced efficiency in the sector.

The Dubai Government continues to work to realise the emirate's ambitious future plans, enhance its competitiveness and consolidate its position as a leading global commercial hub, thereby placing Dubai at the forefront of worldwide efforts to accelerate economic recovery. pic.twitter.com/LOxTUVTwaz

— Hamdan bin Mohammed (@HamdanMohammed) January 2, 2022

“The Dubai government continues to consolidate the emirate’s position as a leading global commercial hub and raise its international competitiveness by creating new growth opportunities for vital sectors in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to enhance sustainable development and government performance. Dubai’s general budget for the fiscal cycle of 2022-2024, which reflects the fundamental strengths and stable base of the emirate’s economy, supports the realisation of its future economic aspirations, in addition to placing the emirate at the forefront of worldwide efforts to promote recovery.”

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai