Cabinet approves AED49.1 billion union budget for 2015
Almasalla,G AT News- ABU DHABI, (WAM) — The Council of Ministers has adopted the draft union budget for 2015, at an estimated amount of AED 49.1 billion, an increase of AED2.9 billion (6.3 percent) from the financial year 2014.
Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, today confirmed that the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to provide prosperity, security and a decent life for citizens at all levels remain a clear priority.
His Highness Sheikh Mohammed bin Rashid said that investing in and meeting the needs of its citizens are the cornerstones of the U.A.E. government policies, and represent a top priority in the national agenda for achieving the U.A.E. Vision 2021.
Sheikh Mohammed also said that the federal budget for 2015 will go towards health, education, and social services, as well as developing government services for U.A.E. citizens, in accordance with the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to provide prosperity, security and a decent life for all citizens.
The announcement was made during a Council of Ministers meeting, Chaired by Sheikh Mohammed, at the Presidential Palace, in the presence of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
His Highness the Vice President said that 49 percent of the total federal budget for 2015, an estimated AED24 billion, has been allocated for service projects, social development and social benefits.
The draft union budget for 2015 will focus on harnessing financial resources in a sustainable way to serve citizens and provide them with better health, education, and social services.
