Cabinet endorses Dh140 billion three-year federal budget UAE

The Cabinet yesterday approved Dh140 billion general federal budget for 2014- 2016 during its session held at the Presidential Palace, up by 15 per cent compared to previous years.

It also endorsed Dh46 billion for the federal budget of 2014, of which over half is allocated for the development and social welfare sectors. Meanwhile, 21 per cent of the budget has been allocated to both general and higher education sectors. It will be spent on improving the general education and academic excellence programme in local universities Chaired by the Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Cabinet also allocated Dh18.5 billion for the government affairs sector to upgrade and enhance delivery of services to citizens locally and abroad.

It also allocated Dh3.7 billion to the health sector, Dh1.4 billion for housing programme and Dh400 million for the marriage fund.

via Cabinet endorses Dh140 billion three-year federal budgetUAE – The Official Web Site – News.