![Cabinet Meeting Approves Dhs58b UAE Budget For '21](https://magarticles.magzter.com/articles/19378/547268/5f9f7e77a303d/Abu-Dhabi.jpg)
ABU DHABI
Chaired by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, the UAE Cabinet has approved the federal budget of Dhs58 billion for the fiscal year 2021.
Sheikh Mohammed Bin Rashid has asserted that the UAE will continue to implement major projects and focus on social development sectors, despite the global economic conditions.
These remarks by Sheikh Mohammed Bin Rashid came during the UAE Cabinet meeting, held on Sunday at Qasr Al Watan in Abu Dhabi, in presence of Lt. General Sheikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior and Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
Sheikh Mohammed Bin Rashid emphasised that the efficiency of government spending in the UAE is among the highest in the world, “Aiming to achieve the fastest economic recovery, the 2021 budget is formulated to address economic changes without compromising the national development priorities, and we look forward to more achievements in the coming year.”
This story is from the November 02, 2020 edition of Gulf Today.
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This story is from the November 02, 2020 edition of Gulf Today.
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