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Mohammed bin Rashid approves Dubai Government’s general budget for 2022-2024 with AED181 billion expenditure

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DUBAI, 2nd January, 2022 (WAM) — In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, has approved the Government of Dubai's general budget for the fiscal cycle of 2022-2024, with a total expenditure of AED181 billion.

His Highness has also approved Law No. (28) for the General Budget for the fiscal Year 2022, with AED59.95 billion expenditure.

The budget cycle will support Dubai’s efforts to stimulate the macroeconomy and the objectives of the Dubai Strategic Plan 2030. The new general budget reflects the emirate’s determination to accelerate post-pandemic economic recovery and achieve the leadership’s broader goals to stimulate entrepreneurship, enhance society’s happiness and consolidate Dubai’s position as a land of opportunities and innovation.

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, said, "The Dubai government continues to consolidate the emirate's position as a leading global commercial hub and raise its international competitiveness by creating new growth opportunities for vital sectors in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum to enhance sustainable development and government performance. Dubai’s general budget for the fiscal cycle of 2022-2024, which reflects the fundamental strengths and stable base of the emirate’s economy, supports the realisation of its future economic aspirations, in addition to placing the emirate at the forefront of worldwide efforts to promote recovery."

The three-year budget cycle focuses on increasing economic growth rates by activating the public-private partnership ecosystem and supporting the private sector to drive economic growth. It also addresses the social aspects of healthcare and education, as well as digital infrastructure development and financial sustainability programmes.

Through its 2022 budget, Dubai continues to place a high emphasis on developing social services, and its healthcare, education and cultural sectors. The budget also pays attention to citizens’ housing sector by raising the value of the housing loan to AED1 million and allocating more than 4,000 plots and houses with a total value of AED5.2 billion in the first phase of the housing programme for citizens in Dubai within a broader 20-year programme of AED65 billion.

The budget also focuses on developing the Social Benefits Fund by supporting families and people of determination, which is set to consolidate Dubai's position as one of the best cities in the world to live and work in.

Abdulrahman Saleh Al Saleh, Director-General of the Department of Finance of the Government of Dubai (DoF), affirmed the government’s commitment to continue its development efforts through the general budget cycle for the fiscal years 2022-2024, further raising financial sustainability and stimulating the growth of entrepreneurship in Dubai.

"Dubai government is eager to develop its financial plan annually to provide economic incentives that will have an impact on attracting more investments, improve the emirate's competitive position and achieve the goals of the Dubai Strategic Plan 2030. The 2022 budget strengthens recovery efforts and acts as a starting point within an integrated scheme of the 2030 plan. It also seeks to achieve the vision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who has issued directives to increase government support for families and people of determination, develop government work and increase institutional agility," said Al Saleh.

He also affirmed the Dubai government’s commitment to the directives of H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, in terms of adopting disciplined financial policies, leading to an operating surplus of AED1.8 billion, which represents three percent of the expected total revenue. This will contribute to the development of the emirate's infrastructure programmes and consolidate the emirate's financial sustainability policy.

Arif Abdulrahman Ahli, Executive Director of Planning & Budget Sector at DoF, said, "The Dubai government’s medium-term financial planning methodology and the announcement of a three-year financial plan exemplifies the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the directives of H.H. the Crown Prince of Dubai and Chairman of The Executive Council, and H.H. the Deputy Ruler of Dubai."

"The 2022 budget responds to the requirements of the Dubai Strategic Plan 2030 and is a transparent expression of the emirate's stable financial position. It also reflects disciplined financial policies based on international best practices. Achieving an operating surplus of 3 percent of total government revenues is an indication of the financial sustainability that the department is keen to ensure," Ahli explained.

Projected government revenues for 2022

The 2022 budget expects to achieve revenues estimated at AED57.55 billion, an increase of 10 percent over the expected revenues of the previous budget of the fiscal year 2021, as a result of the rapid recovery of Dubai and the effective measures taken to curb the pandemic. Dubai is one of the first cities in the world to achieve a rapid recovery due to the economic stimulus measures approved by the government that reduced some government fees for businesses and put a freeze on fee increases until 2023.

These revenues are based on ongoing operations in the emirate and do not rely on oil revenues. Oil revenues account for six percent of the total projected revenues for the fiscal year 2022, which creates the conditions for enhanced financial sustainability.

Non-tax revenues, which come from fees, account for 57 percent of the total expected revenues, while tax revenues account for 31 percent, and government investment revenues represent six percent of the total expected revenues.

Jamal Hamid Al Marri, Executive Director, Central Accounts Sector at DoF pointed to the Department’s efforts to consolidate development and innovation through the development of financial programmes and financial data platforms. "These tools make a clear contribution to making financial statements available to the government, companies and individuals, which will help further raise Dubai's competitiveness. DOF is constantly creating programmes to develop the public finance landscape and achieve financial excellence, in addition to implementing International Public Sector Accounting Standards (IPSAS), which will have the greatest impact in showing the fruits of budget implementation and developing new ways to enhance government performance."

Projected government expenditure for 2022

Salary and wage allowances of the 2022 budget account for 34 percent of total government spending, in accordance with the requirements of the new human resources law. Grant and social support expenditure accounts for 21 percent of all expenditure, to meet the requirements of human and community development and provide public services to the residents of the emirate.

The government has allocated an amount of AED5.2 billion for construction projects, despite the completion of Expo-related projects, the activation of the Public-Private Partnership Law and the development of project financing mechanisms in the Dubai government through long-term financing.

The government has also allocated nine percent of the total expenditure to maintain the volume of investments in infrastructure, in line with Dubai's aspirations to be the world’s most preferred destination to live in.

Two percent of the total expenditure is allocated to the private reserve to support emergency preparedness programmes, while public debt accounts for six percent of the total expenditure, to follow a disciplined fiscal policy that ensures the budget fulfills all obligations.

Sectoral distribution of government expenditure

The budget of the fiscal year 2022 reflects the government's commitment to the people. Government spending on the social development sector in areas of health, education, housing and women and children's care, as well as developing reading and coding initiatives and supporting athletes and people of determination, represents 30 percent of the total expenditure.

The government's concern for security, justice and safety sees 23 percent of the total expenditure being allocated to promote enhanced efficiency in the sector.

Dubai's keenness to develop its infrastructure and transportation, apart from hosting Expo 2020 Dubai, has led to an allocation of 42 percent of total spending to the sector. This reflects its pledge to deal with future commitments, support entrepreneurship and create an environment conducive for incubating micro ventures.

The emirate has also been keen to support the sectors of government excellence, creativity, innovation and scientific research by allocating five percent of the total government expenditure to develop performance and instill a culture of excellence.

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Emirates

Ministry of Health authorises new ECG app with 95% accurate, instant results

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DUBAI, 26th January, 2022 (WAM) –The Ministry of Health and Prevention (MoHAP), in cooperation with ProCardio Medical Equipment Company, is showcasing at the Arab Health 2022 the latest ECG interpretation and analysis smart app, with 95% accurate and instant results.

This comes as part of the ministry's efforts to help healthcare providers and patients to use the latest innovations in reading and diagnosing the electrocardiogram (ECG) results accurately and instantly, leading to a better and faster diagnosis, especially for critical cases.

The app is now available for use in the UAE after having been licensed by the ministry's Health Regulatory Sector. The app can accurately and quickly read, analyze, and diagnose the patient's condition, which would be particularly important in dealing with critical cases, such as cardiac arrhythmia "an irregular heartbeat".

Using artificial intelligence technology, the ECG can be read and data analyzed by the paramedic teams within 10-30 seconds, whether during road accidents or at home. It can transfer the real image of the ECG reality to the hospital after analyzing it with an accuracy of up to 95%, which contributes to reducing time and effort and saving patients' lives.

The application has the ability to diagnose (45) heart diseases in less than 10 seconds, including cardiac arrhythmia, conduction disorders, myocardial infarction, ventricular and atrial hypertrophy, pericarditis, angina pectoris.

"The new project comes in line with the ministry’s efforts to attract, license, and register innovative medical products and advanced applications that support and facilitate the work of health care providers and members of society," said Dr. Amin Hussein Al-Amiri, Assistant Undersecretary for the Health Regulation Sector. "We are also keen to promote the use of modern technology which plays a major role in producing medical and digital equipment and supplies.

Al Amiri asserted that the trend towards the use of cutting-edge technology would help enhance the country’s competitiveness by creating a legislative and investment environment keeping pace with international best practices, thus cementing the UAE's status as a global destination to attract global and digital medical companies and motivate them to open branches in the UAE.

Thanks to the UAE's success in preserving the intellectual property rights of manufacturing medical equipment and innovative medicines, the ministry seeks to encourage hundreds of international companies to choose the UAE as a regional headquarters for its logistical stock of medical and pharmaceutical products and items.

This would help support patients, the treatment system, and the medical tourism program, to attract patients from across the region to get their treatment in the UAE, Al Amiri said in conclusion.

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Emirates

Crown Prince of Fujairah visits sculpture placed between the sunset and sunrise of Al Haniyah desert

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FUJAIRAH, 26th January, 2022 (WAM) — H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, stressed the importance of creative arts in depicting human history and its development, building bridges of communication and tolerance between people and shaping their culture.

H.H. Sheikh Mohammed paid the visit to Al Haniya desert of the Emirate of Fujairah with his children, to view the art of Italian sculptor "Jago" entitled "Look here", which was recently moved to Al Haniya desert in Fujairah.

He listened to statements about the art piece, it’s idea, and the journey of moving it from Italy to the UAE with the support of Fujairah Government. The artist conveyed his gratification the great media and society interest that the sculpture received after it was transferred from Naples, where it was exhibited previously for six months. It finally moved to its new tranquil home on the unique sands of Al Haniyah.

His Highness commended the efforts made to transfer the art installation to Al Haniyah desert in Fujairah, as this step constitutes the artistic and touristic importance of the emirate, and enhances the region’s aesthetic and biodiversity value. The sculpture also led to capturing innovative and creative expressions by the people who settled, took the time to search for it and document it through social media and art.

The sculpture, which is in the shape of the infant, attracted the attention of visitors and artists from all over the UAE. Citizens, expatriates and tourists flocked to experience the art through photography, picnics and painting workshops, which made Al Haniyah desert a trending and unique tourist destination. This unique terrain that combines mountains and desert had a new element of beauty added to it through the concept of human art expression and merging of different cultures.

The art project was launched late November of last year as a unique and innovative tourism and art experience to unveil the hidden desert of Fujairah that little was known of. The sculpture was intentionally placed at the meeting point of mountains and desert anonymously. This led to it being discovered by tourists and visitors turning it to a first of its kind tourism experience that has art, experimentation and exploration at its core. Tourists posted and tagged the newly launched official tourism social media platform @discoverFujairah.

Italian artist Jago thanked His Highness the Crown Prince of Fujairah for his support to art and artists, and for facilitating the execution of this art project and adding it to the rich culture of Fujairah. Jago expressed his happiness with the great interaction and interest the art sculpture has received from the UAE community and looks forward to future collaborations.

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COVID-19 media briefing: UAE a distinguished model of containing COVID variants

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ABU DHABI, 26th January, 2022 (WAM) — Dr. Farida Al Hosani, Official Spokesperson for the UAE Health Sector, said the UAE is a distinguished model of containing coronavirus (COVID-19) and its variants, thanks to the directives of its leadership.

During the UAE Government media briefing on the pandemic, she said the UAE has utilised artificial intelligence (AI) to analyse information and continue its proactive measures, which include performing extensive testing nationwide.

"The health sector is continuing its efforts to achieve community immunity, by providing vaccines to eligible categories," she added, noting 100 percent of the population have received the first dose of the vaccine while 93.73 percent are fully vaccinated.

She stressed that people's health and safety is a national priority, noting the UAE has been keen to provide vaccines and booster shots, to protect the population from the virus and its variants.

World Health Organisation (WHO) studies and research have proven those who have received COVID-19 booster shots are unlikely to get a severe infection, Dr. Al Hosani explained, urging members of the community to get the vaccine to achieve collective immunity.

She then pointed out the health sector is keen to raise the public's awareness about the pandemic and provide it with accurate and transparent information via official platforms.

"The medical sector is stressing the importance of the cooperation between all sectors and the public's adherence to adopted health protocols and precautionary measures," she said.

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