Sharjah Ruler approves Dhs34.4 billion budget for 2022, with a growth of 2%

Gulf Today, Staff Reporter

His Highness Dr Sheikh Sultan Bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, approved the general budget of the Emirate of Sharjah with a total expenditure of about Dhs34.4 billion, which aims to achieve the strategic vision of the Emirate in economic and social development, enhancing financial sustainability and stimulating the overall economy, provided that the general budget contributes to both services and development.

The budget is based on the process of strengthening the financial pillars to advance economic, cultural, scientific and tourism leadership and enhance capabilities to meet various economic challenges.

The budget has adopted many strategic goals and indicators with an economic, social, scientific and cultural dimension, including promoting investment in infrastructure and other economic activities that achieve a competitive advantage for the emirate and provide social support with various forms and methods that serve citizens, address their living needs, ensure social stability and economic well-being, and work to meet the various life needs.

The budget also aims to use the best means that stimulate the economy, development and financial sustainability, as well as the growing interest in human resources and citizen energies and enhancing their role in construction and sustainable development.

Sheikh Sultan Bin Ahmed Bin Sultan Al Qasimi, Deputy Ruler of Sharjah, said, "The Sharjah government budget for the year 2022 came under the directives and blessing of His Highness Dr Sheikh Sultan Bin Muhammad Al Qasimi, to complete the emirate's march in achieving the highest levels of excellence, success and sustainable development in all sectors and fields.

“This issue is to build on what has been achieved through a long journey in the development of man and place, according to His Highness’s insightful vision.”

Sheikh Sultan Bin Ahmed added: "The new year's budget, which exceeded 34 billion dirhams, and increased in quantity and quality over the previous year, means for all of us to be up to the responsibility to contribute to each of his positions, his role and his job in continuing to advance Sharjah in a manner that befits and deserves it from us, and for a better future with the wise leadership of His Highness, Ruler of Sharjah, who supports without limits for all qualitative projects in all cultural, scientific and knowledge fields and in the world of investment, environment, welfare and prosperity for all, and the follow-up of His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council, to develop all areas and services And the implementation of various projects according to the best standards that reflect on the stability and cohesion of society.”

Sheikh Mohammed Bin Saud Al Qasimi, Chairman of the Central Finance Department in Sharjah, indicated that the emirate’s general budget has adopted many strategic and financial goals and priorities, which reflect the high directives of His Highness the Ruler of Sharjah and his comprehensive and renewable vision, as well as the directions of the Executive Council and the strategic vision of the Central Finance Department, which works to achieve the highest levels of sustainability.

Finance and the efficiency of managing government financial resources and supporting the capabilities of government agencies in providing government services according to indicators determined by the performance budget applied in the government of Sharjah, as well as strengthening strategic partnerships with the private sector and providing incentive packages that ensure them continue to advance the wheel of growth, development and development for the emirate, and the development of financing techniques.

The general budget is in search of the best financing opportunities available internally and externally to ensure the financial sustainability of the government.