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Sheikh Mohammed approves Dh61b UAE budget for 2020 – News

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2020 will mark the beginning of a new developing decade, Sheikh Mohammed said.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday approved the new federal annual budget for the year 2020 worth Dh61 billion, with no deficit.

On his official Twitter account, Sheikh Mohammed said that one-third of the budget will be allocated for social development, one-third for government affairs, and the rest will be allocated for infrastructure and other economic resources.

“2020 will mark the beginning of a new developing decade,” Sheikh Mohammed added.

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