The UAE’s financial department has launched the Federal General Budgek Cycle Cycle Cycle, marking a major initiative in the repentance of the country’s financial financial system and supporting long-term strategic objectives, including UAE Centennial 2071.
The new cycle intends to enhance funding, and adapt to government financing on the National Vision vision for the Future, Active, and Digitally enabled the future.
The announcement is accompanied by the Federal Gover Govern’s, “in carrying out our UAE 2031”, by Shiikh Mohammed Bin Rashid Al Maktom, Deputy President and President of Dubai.
UAE budget cycle
The new cycle marks the State Budget Transformation from the National Traditional Affairs Tools for the annual service provider for federal empowerment strategy.
The Sheikh Mohammed Bin Mohammed Bin Rashid Al Mashid Al Maktoum, the Deputy Deputy Minister of Finance, and the new cycle is part of a wide range of flexibility, stability and policy integration.
He said: “Finding the wishes of UAE Centennial 2071 requires an old financial system, a plan to respond to land fluctuations and oversee government spending on opportunities.
“In this end, MOD has invested in the wise tools and advanced assessment models confirm the financial performance, undermine the impact, and enable the progression of the country’s development, economic and social development policy.
“Our view of converting the Kingdom budget is a good tool for the future that calls ongoing growth and raises the quality of government services at higher”.
In the four cycles of the previous scheduled budget, the UAE’s Federal Budget has reached approximately AED900BN ($ 245bn), for continuous investment in the fields, health care, social welfare, and important governmental services.
The Department of Finance has kept funding, with a debt of the ARED62.1BN ($ 16.9bn) from June 2025, Government Government assets reach AED464.4bn ($ 126.3bn) late 2024.
This solid financial basis supports UAE’s commitment in transforming the budget process into a function based on the functioning, which has the power designed for artificial intelligence and digital format.
Mohamed Bin Help Al Hussaine, the Minister of Finance, highlighted the efforts of the department to eliminate traditional financial performance.
Notable achievements include:
- To reduce the budget preparation measures from 50 to 10
- Reducing the purchase cycle from 60 days to six minutes
- Conversion to a fully integrated system of digital finance
Al Hussari said that the service had removed from the Supervisory Authority in the essential deficit in institutional operations, focusing on customer satisfaction and service efficiency.
The 2027-2029 cycle shows the perfect view to:
- Mix the artificial diagnosis
- Enable Financial Planning based on the guess and performance
- Support the data of united and widely form of government
- Call continuous growth and upgrade UAE’s competition as a Global Financial Hub
