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Cabinet approves 2020 budget with a total of 61.354 billion dirhams

Sharjah 24 – WAM:

The Cabinet, led by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates and Ruler of Dubai, approved the federal budget for 2020 with a total of 61.354 billion dirhams and no deficit, the largest since the state foundation, with 31% of the total allocated to the development sector. Social.

The federal budget for the new year 2020 comes with all its plans and programs in translation of the guidelines of His Highness. Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, "to preserve the dignity of UAE citizens and residents. in order to achieve the United Arab Emirates Vision 2021 and the United Arab Emirates Centennial 2071 goals, and which the United Arab Emirates continues to achieve. Providing the highest quality of life and well-being to its citizens , through quality and value added services and initiatives in various sectors, with the objective of having a positive and real impact on the citizen's daily life.

His Highness Sheik Mohammed bin Rashid Al Maktoum said: "2020 will be the beginning of a new, different and accelerated decade of development," he added: "The federal budget is balanced and reflects our national priorities and is efficiently managed."

This occurred during the adoption of the federal budget for 2020, during the Cabinet meeting at the Abu Dhabi Presidential Palace today, in the presence of Deputy Prime Minister and Interior Minister, Deputy Prime Minister and Interior Minister Sheikh. Saif bin Zayed Al Nahyan, and Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.

On the sidelines of the meeting, His Highness Sheikh Mohammed bin Rashid Al Maktoum also met with UAE astronauts Hazza Al Mansouri and Sultan Al Neyadi, HE Sarah Bint Yousef Al Amiri, Minister of State, Yousef Hamad Al Shaibani, Director General of Mohammed Bin Rashid Space Center and Engineer Salem Al Marri, Emirates Program Director. His Highness blessed and commended the conquest of the son of the United Arab Emirates for his arrival as the first Arab astronaut to the International Space Station, and his representation of the United Arab Emirates and the Arab world on this historic mission that opened horizons and established a new phase added to the achievements of the nation.

During the meeting, Your Highness was briefed on the United Arab Emirates space sector since its inception and what has been accomplished so far.

Your Highness said, "We realize the dream of the United Arab Emirates, the dream of Zayed, the children of Zayed, they know the impossible, and the ceiling of our ambitions increases every day." He added: "Space is not the ceiling of our ambition, but the beginning of our path. We have begun to equip the Emirates astronauts for our next station to explore Mars."

The budget for the year 2020 was approved at 61.354 billion dirhams (sixty one billion three hundred fifty-four million six hundred thousand dirhams), where the general budget allocations of the Union for the financial year were distributed among different sectors, and sectors directly related to citizens and their services received the largest share, 31% of the budget was allocated. For social development, 14% for infrastructure and economic resources, 6.5% for social benefits, 32.6% for government affairs.

The budget – the largest federal since the founding of the state – reflects the strength of the national economy and the abundance and sustainability of resources to finance economic and social development projects in the country, which has more than doubled 300 times since the first federal budget in 1971. , recorded without deficit for the third year in a row, confirming the continuation of the approach taken.

In detail, the estimated allocations for social development and social benefit programs amounted to 26.7 billion dirhams, or 38% of the total public budget, while allocations to public, higher education and university programs reached 10.4 billion dirhams, or 14.8% of the total budget. Total budget including cost estimates of public education programs / 6.7 / billion dirhams / 9.5% / of the total public budget, while estimates of higher and university education / 3.7 / billion or 5.3% / of total budget.

Health care and community protection allocations totaled AED 4.9 billion, or 6.9% of the total budget, to provide the highest levels of health care services to citizens and achieve the leadership vision to deliver quality services. .

Funds allocated to guarantee social rights and activate social integration programs in the Ministry of Community Development amounted to 3.5 billion EDA, 5% of the total public budget to ensure state welfare for groups that deserve support and provide subsidies to special groups that need care. An amount of 1.8 billion AED has been allocated to the Sheikh Zayed Housing Program, or 2.5% of the total public budget, to support the provision of adequate housing for UAE citizens.

Appropriations for social benefit programs – pensions totaled 4.6 billion dirhams, or 6.5% of the total public budget, according to wise leadership guidelines to provide a decent living for retired civilian and military workers, while other services totaled / 1.6 billion dirhams.

In addition, a total of 23 billion AED (32.6%) of the total budget was allocated to the Department of Government Affairs, and 9.9 billion AED was allocated to infrastructure and economic affairs for 14% of the total budget. A total of 21.9 billion EDA went to social development programs, representing 31.1% of the total budget.

AED 4.6 billion was allocated to social benefits, 6.5% of the total budget, AED 7.8 billion to other federal expenditures and 11.1% of the total budget.

The UAE's space sector is the largest in the region in terms of size, diversity and direct investment, with dynamic, active, organized and clear plans for future programs. It includes a legislative and regulatory system that makes it one of the fastest-growing sectors. National Space Policy, adoption of space law and adoption of national strategy. From space, representing the roadmap for space science, technology and innovation.

The state currently owns and operates 8 large modern satellites in the field of communications and space surveillance, as well as two education satellites (Naif-1 and MySat-1), and the introduction of 8 other modern scientific satellites of education before 2021 including / Hope / Moons / Hawk's Eye / surveillance and reconnaissance.

The UAE has the first Arab space agency and the first Arab-Islamic project to explore Mars (probe of hope), as well as satellite operators / Yah-Sat / Thuraya Mohammed bin Rashid Space.

Yahsat has become one of the world's top 10 satellite operators in terms of revenue, and in January 2018 launched the third satellite to cover South America and plans the fourth satellite in addition to four space research centers / Mohammed bin. Rashid Space Center – Sharjah Astronomy Center And Space – National Center for Space Science and Technology Research at the University of United Arab Emirates – Al Ain – Masdar Yah-Sat Space Laboratory at Khalifa University.

In human capacity, the national space sector employs approximately 1,500 employees, approximately 30% nationals, women 35% and the average age in the 1930s. There are more than 50 companies with different space activities.

Within the agenda of the meeting, the Council approved the establishment of the Education Support Fund, which aims to strengthen partnerships with the private sector and entrepreneurs to develop education and provide additional financial resources to support quality education programs at all stages. and shapes.

The fund aims to ensure the sustainability of educational development and modernization programs and will be governed by the authorities and ministries involved in the country.

On organizational matters, the restructuring of the Emirates Council for Climate Change and Environment was chaired by the Minister of Climate Change and Environment and members of various government agencies and representatives of the private sector. International and affiliation of representatives of federal and local / relevant government agencies.

In government reports, the Council reviewed and adopted various reports to track the progress of government projects and initiatives, including the National Federal Council's recommendations on the subject of the Ministry of Energy and Industry policy, as well as the Emirates Development final account. Bank and Emirates General Organization for Transport and Services. Emirates Transport & # 39; & # 39 ;, Emirates Post Group and its subsidiaries on EF18.

In international relations, the Council adopted and ratified several agreements, including the ratification of the International Solar Coalition Framework Agreement, the Supplementary Agreement of the Headquarters Agreement between the State Government and the International Renewable Energy Agency "IRENA", as well as two agreements between the State Government and each of the governments of the Hong Kong region. Kong and the Government of the Republic of Senegal in the Promotion and Reciprocal Protection of Investments.

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