Dubai approves its largest budget in history

Jordi Quintana
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What is happening?

At the end of October 2024, Dubai approved its largest historical budget, with revenue estimates of 302 billion dirhams and an expenditure of 272 billion dirhams between 2025 and 2027.

This difference will allow for an operating surplus of 21%, an unprecedented achievement that will not be achieved through a tax increase, as could happen in other countries.

Where will the money from the surplus go?

The ambitious budget is primarily aimed at improving the quality of life in Dubai and consolidating its infrastructure and services. The following are the priority sectors for this investment:

Infrastructure and Construction Projects (46%)

Nearly half of the budget is allocated to the development and modernization of essential infrastructure, such as roads, tunnels, bridges and public transport systems.

It also includes sewer stations, parks, and renewable energy projects, in addition to an extensive plan to improve the city's storm drainage network.

Social Development (30%)

Social development plays a central position in the budget, allocating significant funds to sectors such as health, education, scientific research, housing and support for vulnerable sectors, such as families, women and children in need.

It also covers initiatives for youth, sports and the care of the elderly, retirees and people with special needs. This approach aligns with Dubai Social Agenda 33 and Education Strategy 2033.

Security, Justice and Protection (18%)

Dubai is renowned for being one of the safest cities in the world, and this budget seeks to maintain and improve these standards of security and justice. With this assignment, the emirate's commitments to stability, citizen protection and justice are reaffirmed.

Other Sectors (6%)

The remaining funds are intended to support key sectors, such as public services, innovation, creativity, scientific research and the continuous improvement of government services, to keep Dubai at the forefront of excellence.

General Reserve of 5 million dirhams

In line with its long-term growth vision, Dubai has set aside this amount to address potential emergencies or unforeseen situations, demonstrating a prudent and forward-looking strategy that ensures economic stability and continuity in the event of future challenges.

Conclusion

With this ambitious budget, Dubai is consolidating itself as an increasingly solid, structured and competitive economy on the global stage.

By following this path, the emirate seeks to attract talent and foreign investment, inviting people who bring wealth and share its vision of growth.

The expected surplus and the allocation of its resources reflect careful planning for the country's future and strategic investment in its 2040 Development Plan, which is expected to increase its population by more than 2 million people.

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