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FNC greenlights highest-ever AED 71.5 bn budget: The Federal National Council (FNC) approved a draft federal law linking the Union General budget and independent federal entities’ budgets for 2025, bringing the total to AED 71.5 bn in both revenues and expenditures, state news agency Wam reports. The budget marks the largest in UAE history.
REMEMBER- The cabinet had approved the federal budget earlier in October, which carves out part of a bigger federal budget of AED 192 bn previously approved for 2024-2026 in October 2023. The spending plan sets out a 12% y-o-y increase in expenditure compared to 2024’s budget of AED 64.06 bn.
Here’s the breakdown:
- Social development comprises the lion’s share of the total budget AED 27.9 bn (39%) allocated;
- AED 10.0 bn (15.3%) will go towards education;
- AED 5.5 bn will go to healthcare and community prevention, and AED 8.9 bn to social care;
- AED 8.1 bn to defense affairs, AED 8.2 bn to public affairs and safety, an AED 2.5 bn to economic affairs;
- AED 23.4 bn is going to public services;
- AED 1.3 bn will go towards culture and arts, and AED 660 mn is going to housing;
