UAE Starts 2027–2029 Budget Plan with Focus on Sustainability, Efficiency, and AI
The UAE’s Ministry of Finance has announced the start of its new federal budget plan for 2027 to 2029. The goal is to support long-term financial stability.
What the Budget Will Focus On
The new budget will focus on key areas that affect people’s lives, such as education, healthcare, social services, and basic government operations. The government will also use digital tools and artificial intelligence (AI) to make sure money is used in the best way possible for economic and social development.
Past Performance
In the last four budget cycles, the UAE’s federal budget totaled $245 billion (AED 900 billion). During this time, the Finance Ministry improved laws and rules, built stronger global partnerships, and created modern digital finance systems.
By June, public debt remained stable at $16.9 billion (AED 62.1 billion), while government assets rose to $126.4 billion (AED 464.4 billion) by the end of last year.
New Vision
This new budget plan matches the UAE government’s updated strategic plan called “Towards Achieving We the UAE 2031.” It was introduced by the UAE’s Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum.
Key Statement
Sheikh Maktoum bin Mohammed, the UAE’s Deputy Prime Minister and Minister of Finance, said the new budget will strengthen the country’s financial system. He added that to meet long-term goals like UAE Centennial 2071, the country needs a smart, flexible, and forward-looking financial system. That’s why the ministry is using AI and advanced data tools to improve how money is managed.
Looking Ahead
The World Bank recently raised its growth forecast for the UAE to 4.6% in 2025 (up from 4%) and 4.9% in 2026 (up from 4.1%). The IMF expects a 4% growth rate for 2025.
Published: 17th July 2025
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