His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Dubai Government’s general budget for the fiscal year 2021, with total expenditures of AED57.1 billion.

The newly-announced budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the COVID-19 pandemic on the global economy.

It also confirms Dubai’s ability to deal with the crisis, restore the pace of economic growth, strengthen social benefits and essential services and adopt policies that achieve growth, economic stability and financial sustainability in the medium and long term.

.@HHShkMohd approves #Dubai Government's general budget for 2021 with AED57.1 billion expenditures.https://t.co/GLRJsl3poA pic.twitter.com/l9HW8MUWlq

— Dubai Media Office (@DXBMediaOffice) December 27, 2020

The 2021 budget also demonstrates continued efforts to develop revenues, raise the spending efficiency and increase the level of private sector engagement.

Dubai’s new budget will continue to support social, health, educational and cultural services as well as investments in infrastructure services in the emirate, as part of the objective of making Dubai one of the world’s best cities to live in.

Abdulrahman Saleh Al Saleh, Director-General of the Department of Finance of the Government of Dubai (DOF), said that Dubai’s Strategic Plan 2021 is a key pillar in Dubai’s journey towards the future. He highlighted Dubai Government’s success in implementing programmes that aim to achieve structural, economic and financial reforms, in addition to launching initiatives to diversify the economic base.

“These programmes and initiatives have contributed to stimulating the growth of local GDP, which played a vital role in enhancing the resilience of the local economy during the pandemic. Investment in the technical infrastructure enabled the government and the private sector’s rapid response to business transformation,” said Al Saleh.