Sheikh Mohammed Approves Dubai Budget For 2023-2025

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Prime Minister and Vice President of the United Arab Emirates, and Ruler of Dubai, has approved Dubai’s budget for 2023-25 i.e. Dh205 billion.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, announced the details on Twitter.

“This budget reflects the emirate’s financial sustainability, meets future aspirations, stimulates the economy, takes care of society, and consolidates Dubai’s leading position in the world,” tweeted the Crown Prince.

Sheikh Hamdan further said, “Dubai Government aims to serve citizens, support businesses and ensure availability of best services for everyone.”

The new budget for Dubai proposes expenditure of Dh67.5 billion and revenues of Dh69 billion, a surplus of Dh1.5 billion.