UAE Launches 2027–2029 Federal Budget Cycle with AI-Driven, Sustainable Vision
Announced alongside the federal government's latest strategic planning framework, the new budget model redefines the federal budget from a static financial tool into a strategic enabler that supports national priorities, including education, healthcare, digital transformation, and sustainability.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance, noted that the upgraded financial system prioritises flexibility, proactivity, and impact. 'Our vision is to transform the federal budget into a future-ready instrument that drives sustainable growth and elevates the quality of government services to new heights,'
he said.
The cycle is supported by advanced technologies, including artificial intelligence and predictive analytics, to improve planning accuracy, accelerate execution, and ensure data-driven decision-making. AI will play a pivotal role in enhancing institutional efficiency and forecasting national needs more precisely.
His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, highlighted that reforms have already led to significant improvements—budget preparation steps have been cut from 50 to 10, and procurement cycles now take under six minutes.
The previous four budget cycles saw a combined allocation of approximately AED900 billion. The new cycle builds on this foundation, with public debt at AED62.1 billion as of June 2025, and federal government assets reaching AED464.4 billion by the end of 2024.
This forward-looking model focuses on outcomes over expenditures, empowering federal entities to deliver impactful services, drive smart governance, and reinforce the UAE's position as a global leader in financial innovation.
News Source: Dubai Media Office
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sharjah 24
3 hours ago
- Sharjah 24
GPSSA launches 2nd 'Wafra' programme in collaboration with NAFIS
Developed in partnership with the Emirati Talent Competitiveness Council through the NAFIS programme, "Wafra" focuses on enhancing financial literacy among NAFIS beneficiaries who are covered by the UAE pension laws, empowering them to build a more secure financial future in the private sector. This initiative highlights GPSSA's commitment to nurturing national talent and improving the financial and social stability of UAE nationals. It is part of the third cycle of transformative projects for federal government entities for 2024-2025. It also embodies the leadership's commitment to adopting innovative, human-centric government models that enhance the UAE's global competitiveness. The project directly contributes to the UAE government's ambitious goals of cultivating a more prosperous society over the next decade, aligning seamlessly with the "We the UAE 2031" vision. The programme equips Emiratis with essential financial knowledge through specialised training programmes and awareness campaigns available via the NAFIS digital platform. The platform ensures that a wide group of Emirati talent, including private and banking sector employees, jobseekers in the local market, and university students, can access its benefits. The second phase of the "Wafra" programme focuses on core themes that address the needs of NAFIS beneficiaries. It aims to educate participants about GPSSA's laws and the benefits they offer, empowering them to make better retirement choices and plan for their future. The programme also provides guidance on investment options and effective wealth management strategies post-retirement, highlighting the importance of early financial planning to ensure a stable and secure future. Through the "Wafra" project, GPSSA aims to raise financial planning awareness by 80 percent. This goal is supported by comprehensive educational programmes in social insurance, investment, and savings, developed by the Abu Dhabi Global Market (ADGM) Academy. These tailored programmes are designed to equip UAE nationals with the necessary knowledge and tools to manage their finances effectively and confidently. GPSSA works in partnership with the Ministry of Human Resources and Emiratisation and the Emirati Talent Competitiveness Council, leveraging the NAFIS platform and various media channels. The initial phase of the "Wafra" project, launched in July 2024, focused on raising awareness about financial needs throughout an individual's life. It covered topics such as understanding financial products and terms, effective money and debt management, navigating financial challenges, and seeking financial advice for investment and fund management.
TAG 91.1
3 hours ago
- TAG 91.1
UAE, Hungary leaders explore new avenues for partnership
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Hungarian President Tamás Sulyok have held high-level talks in Budapest, focusing on strengthening cooperation between the two countries. The discussions, held at the Hungarian Parliament Building, covered key sectors including the economy, renewable energy, trade, investment and culture. Both leaders reaffirmed their commitment to deepening bilateral ties and exploring new opportunities for collaboration. Sulyok expressed hope that the visit would further advance relations, while Sheikh Mohamed highlighted the shared values and mutual respect that underpin the UAE-Hungary partnership. Following the talks, His Highness signed the VIP guestbook, expressing his appreciation for the warm welcome and the growing ties between the two nations. The two leaders also exchanged symbolic gifts reflecting their countries' rich heritage. The meeting was attended by senior officials from both sides. Following the talks, Sheikh Mohamed concluded his official visit and departed Budapest. — محمد بن زايد (@MohamedBinZayed) July 18, 2025
Sharjah 24
3 hours ago
- Sharjah 24
UAE, Hungarian Presidents strengthen cooperation
The talks took place at the Hungarian Parliament Building, where President Tamás Sulyok welcomed His Highness Sheikh The Hungarian President expressed his hope that the visit would contribute to further advancing bilateral ties and expanding avenues of cooperation in areas that serve the mutual interests of both nations. His Highness Sheikh Mohamed bin Zayed affirmed that the UAE and Hungary share a friendship and cooperative relationship based on mutual respect and a joint commitment to progress. He noted that these growing bilateral ties aim to support the aspirations of both nations and their peoples for development and prosperity. Both sides reaffirmed their commitment to strengthening UAE-Hungary relations and exploring new opportunities for mutually beneficial cooperation across a range of sectors. His Highness wrote an entry in the VIP guestbook expressing his pleasure to be visiting Hungary and noting the significant progress witnessed in relations between the two countries. He highlighted the UAE's keenness to continue working together to strengthen ties in a way that serves the shared development goals of both nations, and he wished Hungary, its leadership, and its people continued prosperity and success. His Highness and the President of Hungary also exchanged symbolic gifts reflecting the culture and rich heritage of their respective nations. The meeting was attended by the delegation accompanying His Highness the UAE President, along with a number of senior Hungarian officials. Following the meeting, His Highness Sheikh Mohamed bin Zayed Al Nahyan departed Budapest, concluding his official visit to Hungary.
