Tuesday, October 3, 2023 – 6:05 p.m
ABU DHABI, 3rd October, 2018 (WAM) – His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister, and Head of the Presidential Office, chaired today, at Qasr Al Watan, the regular meeting of the Union’s General Budget Committee, to discuss the draft General Budget of the Union for the fiscal year 2024.
The meeting was attended by His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, and His Excellency Khaled Mohammed Al Amma, Governor of the Central Bank of the United Arab Emirates, in addition to representatives from the Presidential Office and the Ministry of Finance.
During the meeting, the committee discussed a number of topics, the most important of which was the draft general budget of the Union for the fiscal year 2024 within the budget plan for the years (2022-2026), in light of the developments and procedures taken by the Ministry of Finance in accordance with the provisions of Federal Decree Law No. (26) of 2019 regarding… Public Finance, its amendments, and relevant decisions and recommendations.
The committee reviewed the federal government’s cash flows for the fiscal year 2023, based on actual expenditures and revenues collected during the elapsed period of the current fiscal year, and estimates of expected revenues until the end of the fiscal year.
The committee reviewed the financial position of the federal government for the fiscal year 2023, which reflects the extent of positive growth witnessed by the UAE in various sectors and economic activities, and developments in the approved capital and development projects that were completed during the fiscal year 2023.
The committee directed the Ministry of Finance to complete the necessary procedures to submit the draft general budget of the Union for the fiscal year 2024 to the esteemed Council of Ministers for approval.
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