By Staff Reporter
UAE Launches 2027–2029 Federal Budget Cycle with AI-Driven, Sustainable Vision
The UAE Ministry of Finance has launched the 2027–2029 federal budget cycle, marking a strategic evolution in the country’s financial planning system. Designed to be more agile, efficient, and future-focused, the new cycle aligns with national ambitions under “We the UAE 2031” and long-term goals of UAE Centennial 2071.
Announced alongside the federal government’s latest strategic planning framework, the new budget model redefines the federal budget from a static financial tool into a strategic enabler that supports national priorities, including education, healthcare, digital transformation, and sustainability.
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Prime Minister and Minister of Finance, noted that the upgraded financial system prioritises flexibility, proactivity, and impact.
“Our vision is to transform the federal budget into a future-ready instrument that drives sustainable growth and elevates the quality of government services to new heights,”
he said.
The cycle is supported by advanced technologies, including artificial intelligence and predictive analytics, to improve planning accuracy, accelerate execution, and ensure data-driven decision-making. AI will play a pivotal role in enhancing institutional efficiency and forecasting national needs more precisely.
His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, highlighted that reforms have already led to significant improvements—budget preparation steps have been cut from 50 to 10, and procurement cycles now take under six minutes.
The previous four budget cycles saw a combined allocation of approximately AED900 billion. The new cycle builds on this foundation, with public debt at AED62.1 billion as of June 2025, and federal government assets reaching AED464.4 billion by the end of 2024.
This forward-looking model focuses on outcomes over expenditures, empowering federal entities to deliver impactful services, drive smart governance, and reinforce the UAE’s position as a global leader in financial innovation.
News Source: Dubai Media Office
