Decisions of the UAE Cabinet October 9, 2023, headed by Mohammed bin Rashid
A few hours ago, the decisions of the UAE Cabinet were issued on October 9, 2023, headed by His Highness Sheikh Mohammed bin Rashid, during which the session approved the general budget of the Union for 2024-2026.
On October 9, 2023, decisions were made by the Cabinet of the UAE, which is chaired by Mohammed bin Rashid.
The choices that were made by the UAE Cabinet on October 9, 2023, headed by His Highness Sheikh Mohammed bin Rashid, and announced just a few hours ago. These decisions were issued on the same day that the session that authorized the general budget of the Union for 2024-2026 took place.
The UAE Cabinet approves the general budget of the Union for 2024-2026
The Union's general budget for the years 2024-2026 has been approved by the Cabinet of the UAE, Today, His Majesty the King At a meeting held at Qasr Al Watan in Abu Dhabi and presided over by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the Cabinet approved the general budget of the Union for the years 2024-2026, which had a total value of 192 billion dirhams. His Highness shared the following statement on his official account on the "X" Platform: "Today I chaired a Cabinet meeting at Qasr Al Watan in Abu Dhabi, during which we approved the general budget of the Union for 2024-2026 with a total value of 192 billion dirhams, distributed in 2024 to the development and social benefits sector by 42%, government affairs by 39%, and the remainder distributed to develop infrastructure and financial assets." economy and the government at the federal level.
The UAE Cabinet issues the Financial Stability Council Decree
The Decree on the Financial Stability Council is issued by the Cabinet of the UAE, His Highness continued by saying, "The United Arab Emirates government also issued the decree regarding members of the country's Financial Stability Board, which is headed by my brother Sheikh Mansour bin Zayed Al Nahyan, and the membership of the Minister of State for Financial Affairs, the Governor of the Central Bank, the Chairman of the Board of Directors of the Securities and Commodities Authority, the Chairman of the Board of Directors of the Abu Dhabi Global Financial Market, and the Chairman of the Boa." The Council's mission is to "enhance and ensure financial stability and ways of cooperation between the financial authorities in the country, develop the financial infrastructure, and raise the financial system's contribution to economic development." The Council is comprised of representatives from Dubai Financial Services, the Undersecretary of the Ministry of Finance, and the Assistant Governor of the Central Bank.