H.H. Sheikh Mohammed approves Dubai's 2023-25 budget

File picture

The Dubai Government has announced a AED 67.5 billion budget for 2023, with AED 69 billion expected in revenues.

In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, also approved the Government of Dubai's general budget for the fiscal cycle of 2023-2025, with total expenditures of AED 205 billion.

Dubai's Crown Prince, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said this budget reflects Dubai’s commitment to meet the city’s future aspirations.

He added that the Government aims to ensure availability of best services for everyone.

The financial plan for the next three years (2023-2025) shows the Dubai government's commitment to providing the highest economic stability and stimulating growth across the emirate’s business sectors.

The plan also gives a clear picture of the government's economic goals during this period, and supports medium-term planning for various sectors.

In its 2023 budget, Dubai continues to focus on social services and the development of the health, education and culture sectors.

The budget also places high priority on the housing sector through Dubai’s Housing Programme as part of a plan for the next 20 years.

It is also focused on developing the social benefits fund to support families, people of determination and those with limited income.

More from Business

Coming Up on Dubai Eye

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

  • Extra Time

    7:00pm - 8:00pm

    Chris & Robbie bring you the latest from the sporting world plus interviews with upcoming and legendary sporting stars.


On Dubai Eye

  • Commuters will pay roughly 10 per cent more for fuel

    We find out what that means for us and for the global oil prices with Ed Bell of Emirates NBD and Matt Stanley of Kpler. Plus, we discuss the risks & rewards of the growing demand for second passports. And, we talk to Sky Kurtz of Pure Harvest Smart Farms about how UAE grown produce is going to Saudi Arabia.

  • STEM Learning

    The UAE's ambassador to Canada says developing STEM career paths for Emirati women should be a national priority.