His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, reviewed the annual book of the Ministry of Finance for the year 2023, which tracks the most significant achievements of the ministry, its financiers, and national initiatives and projects, including the adoption of the Union Budget for the years 2024-2026, worth Dh192 billion.
His Highness stated in his official account on the “X” platform: “I reviewed the annual book of the Ministry of Finance for the year 2023, which follows the most important achievements of the ministry, financial data and national initiatives and projects, which included the adoption of the Union budget for the years 2024-2026, amounting to 192 billion dirhams, and the launch of the strategic plan of the Ministry of Finance 2023-2026. He also reviewed the achievements of the UAE in global competitiveness indicators and their achievement. first place in the world for 4 indicators, including the absence of waste in public spending, the balance of the government budget and gross domestic product, the degree of financial openness and the adaptability of government policy, in addition to obtaining the third place in the world in the total public debt index.
His Highness added: “The year 2023 has witnessed unprecedented successes, including the launch of a new sovereign bond package worth $1.5 billion, and other achievements to which the Ministry of Finance team contributed.
His Highness continued, saying: “These achievements contribute to directing the government budget towards vital economic and developmental sectors and providing the appropriate legislative structure for business growth with the vision of His Highness Sheikh Mohammed bin Zayed Al Nahyan and the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, we will continue to build financial growth based on sustainability and comprehensiveness, and we are moving towards consolidating our global financial leadership, God willing.