H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance, presided over a meeting to evaluate the government’s financial operational framework. The session focused on the Ministry of Finance’s key achievements and outlined plans designed to meet the leadership’s developmental goals.
H.H. Sheikh Maktoum bin Mohammed emphasised that the Ministry of Finance’s accomplishments in 2024 are crucial for shaping a sustainable future for the UAE. “The approval of the largest budget in the nation’s history, along with the success of financing programmes, embodies the vision of our leadership, which prioritises investing in future generations.”
H.H. Sheikh Maktoum continued: “Following the guidance of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the close supervision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, we remain dedicated to adopting the best global financial management practices. This strategy aims to reinforce the Ministry’s role in promoting sustainable economic development while prioritising the UAE’s strategic interests both domestically and internationally.”
He further remarked: “The 2025 plan marks a crucial step towards fulfilling the vision of ‘We The UAE 2031’ and the objectives of the UAE Centennial 2071. This plan seeks to strengthen international financial cooperation, improve financial governance, and enhance government service quality to promote social welfare. We look forward to accelerating our development journey through ambitious projects that will enhance the UAE’s global economic competitiveness.”
The meeting underscored the Ministry of Finance’s notable achievements in 2024, marking a significant milestone in its pursuit of its strategic vision. The approval of the largest federal budget in the country’s history for 2025 set the stage for ambitious projects aimed at improving the wellbeing of Emirati society and enhancing the UAE’s infrastructure. This reflects the Ministry’s commitment to balancing economic growth with financial sustainability.
In 2024, the Ministry also achieved substantial success in rolling out innovative financing programmes. The Government Treasury Bonds Programme and the local currency-denominated Treasury-Sukuk Programme have enhanced financial liquidity, attracted both local and international investments, and supported the sustainable growth of the country’s capital markets.