• Bassam Radi, Managing Editor

Sheikh Mohammed approves Dh58b UAE budget for 2021

"The UAE will be among the fastest countries to recover in 2021," Sheikh Mohammed added.

The UAE Cabinet on Sunday approved the budget for 2021 with an estimated expenditure of Dh58 billion.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, said work on vital national projects will continue in 2021 and their development will remain a priority.

The VP said the UAE economy will be among the fastest to recover in 2021, and that the government has dealt with the 2020 budget efficiently.

Sheikh Mohammed said in a tweet that the government has all the tools to continue its financial and operational efficiency in 2021, and it will be a better and more efficient year.

In addition, the UAE Cabinet also approved the ratification of six international economic agreements with six new countries in the African continent.

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