The cabinet chaired by His Highness Sheikh Mohammad bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved a zero-deficit federal budget of Dhs 180 billion for the next three years. 59% of the budget approved will be go towards education and social development.
HH Sheikh Mohammed took to his official twitter account to announce the approval of the federal budget. The tweet read,” I have chaired today a Cabinet meeting, during which we approved the federal budget of Dhs 180 billion for the next three years. 59% of the budget will go to education and social development. It is a zero-deficit budget and it will also be the biggest budget in the history of the union.”