The Basic Price range Committee of the Union thought of a draft of the final funds of the Union for the fiscal yr 2025, within the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President of the UAE, Deputy Prime Minister and Head of the Presidential Courtroom, and His Majesty. His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Senior Deputy Ruler of Dubai and Vice President Minister of Finance Cupboard.
The Minister of Cupboard Affairs, Mohammed bin Abdullah Al Gergawi, the Minister of State for Monetary Affairs, Mohammed bin Hadi Al Husseini, and the Governor attended the assembly, which was held by the committee at Qasr Al Watan in Abu Dhabi, and the Governor. from the Central Financial institution of the United Arab Emirates, Khaled Mohammed Al Amma, in addition to representatives from the Workplace of the President and the Ministry of Finance.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, in a weblog put up on his official account on the “X” platform, stated: “We held a gathering of the Basic Price range Committee of the Federation, and mentioned the draft funds common for the Federation. fiscal yr 2025, and the federal authorities’s money flows, and we additionally reviewed the federal authorities’s monetary place.
His Majesty stated: “The outcomes and indicators of the Union Basic Price range Committee present the power of our nationwide economic system and our continued progress in numerous sectors and actions, and with the imaginative and prescient and instructions of our smart management and our disciplined monetary insurance policies, we’ll proceed to attain world monetary and improvement management.”
Throughout their assembly, the committee mentioned a number of subjects, specifically the draft common funds of the Union for the fiscal yr 2025 throughout the funds plan of the years (2022-2026), in accordance with the coordination made by the Ministry of Finance. with all federal businesses to arrange the final funds of the Union, taking into consideration developments within the subject at native and world financial ranges, the mandatory measures have been taken throughout the framework of the provisions that govern the preparation and presentation of the Union Price range as in Federal Decree Legislation No. (26) of 2019 relating to public finance, its amendments, and the related choices and proposals.
The committee was requested to finish the mandatory procedures to arrange the Union’s draft common funds for the yr 2025, after which ship it to the Council of Ministers.
The committee reviewed the federal authorities’s money flows for the fiscal yr, which included precise income collected over the past interval of this fiscal yr, and income estimates. projected income by the top of fiscal yr 2025, primarily based on up to date income forecasts for federal businesses.
The committee reviewed the monetary state of affairs of the federal authorities for the fiscal yr 2024, as a result of precise prices and revenues that occurred within the first half of 2024, as the symptoms present the expansion fee of the nationwide economic system that the UAE sees. in numerous sectors and actions.
The committee additionally reviewed enhancements within the accepted capital and improvement initiatives accomplished within the last months of fiscal yr 2024.
It must be famous that the Council of Ministers accepted the final funds of the Union for the fiscal yr 2024, with revenue of 65.728 billion dirhams, and bills of 64.060 billion dirhams.
Maktoum bin Mohammed:
. With the imaginative and prescient and pointers of our smart management and our disciplined monetary insurance policies, we’ll proceed to attain world monetary and improvement management.
2024-06-12 00:05:00
#Basic #Union #Price range #Committee #draft #funds #fiscal #yr
