UAE to spend around $7bln in social projects in 2021 budget

The budget includes $5.80bln in government affairs and $1.07bln in federal projects

  
Sheikh Mohammed bin Rashid Al Maktoum: The UAE Cabinet has approved the budget for 2021 with an estimated expenditure of AED 58 billion. Work on vital national projects will continue in 2021 and their development will remain a priority. Image courtesy Dubai Media Office Twitter handle.

Sheikh Mohammed bin Rashid Al Maktoum: The UAE Cabinet has approved the budget for 2021 with an estimated expenditure of AED 58 billion. Work on vital national projects will continue in 2021 and their development will remain a priority. Image courtesy Dubai Media Office Twitter handle.

DUBAI: The cabinet of the United Arab Emirates plans to spend 26.04 billion dirhams ($7.09 billion) in social projects as part of its 2021 budget, the UAE government tweeted on Monday.

The budget includes 21.3 billion dirhams in government affairs and 3.93 billion dirhams in federal projects, it said.

The 2021 budget was set at 58 billion dirhams, state news agency WAM reported on Sunday. 

($1 = 3.6728 UAE dirham)

(Reporting by Aziz El Yaakoubi and Davide Barbuscia; Editing by Alison Williams) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: davide.barbuscia.reuters.com@reuters.net))

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