Mohammed approves Dhs290 billion union budget for next five years

Gulf Today, Staff Reporter

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired a cabinet meeting at Expo 2020 Dubai.

Sheikh Mohammed said, “Today, I chaired a cabinet meeting at the UAE Pavilion at the Expo... an exceptional pavilion under the supervision of the creative Sheikha Mariam Bint Mohammed Bin Zayed…

During the meeting, we approved the budget of the Union until 2026 with a total of Dhs290 billion...

We enter the new federal fiftieth with confidence, optimism and global aspirations…”

Sheikh Mohammed said, “Today in the Council of Ministers, we approved the new methodology for government work in the coming period... a faster government that relies on executive cycles for transformational projects through sectoral work teams… Our work will not be based on individual ministries but on strategic sectors… and plans and agendas will not be the standard, but field projects and initiatives.”

“The adoption of the federal budget today… and the adoption of the new methodology for government work is a message that we are on the verge of greater, better and more beautiful federal years…”

Sheikh Mohammed said, “We also approved within the Cabinet the appointment of Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum as Chairman of the General Budget Committee of the Federation and Chairman of the Federal Tax Authority. 

Sheikh Saif Bin Zayed and Sheikh Maktoum hold talks during the cabinet meeting.

“Sheikh Shakhbout Bin Nahyan as Chairman of the Executive Committee of the UAE-Saudi Coordination Council and Abdullah Bin Sultan Al Nuaimi as Chairman of the Judicial Coordination Council.”

He said, “Today we approved the appointment of Mohammed Bin Hadi Al Husseini as Chairman of the General Pension and Social Security Authority and Chairman of the Union Export Credit Company... Ahmed Belhoul as Chairman of the Higher Colleges of Technology Complex... and Maryam Al Muhairi as Chairman of the Emirates Council for Climate Change and Environment... All the best to everyone in their new assignments.”

Sheikh Mohammed also said, “Today, we approved the establishment of the Emirates Infrastructure and Housing Council headed by Suhail Al Mazrouei... The goal is to unify federal and local housing efforts… and consolidate coordination with regard to road and infrastructure projects... and build an urban and housing road map for the United Arab Emirates.

“Today, as part of the cabinet meeting, we also approved the adoption of cyber security standards for government agencies and those proposed by the Emirates Cyber Security Council... Our borders in cyberspace are sovereign borders that we always need to protect and consolidate their defences.”