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Media In-Abu Dhabi, October 1, 2018 (WAM)
The Ministry of Finance held a briefing today at its headquarters in Abu Dhabi to announce the updates and initiatives of the draft general budget of the Federation for the fiscal year 2019 approved by the Cabinet yesterday amounting to 60.3 billion dirhams, an increase of 17.3% of the total budget appropriations for 2018. The ministry launched the smart application “e-wallet”, one of the innovative e-Dirham initiatives to support smart government programs, and reviewed the highlights of the e-Dirham 2018. The average increase in the financial allocations for the budget of 2019 compared to the budget cycle for the previous years 2014/2011 amounted to 23.9%. He added that “the Ministry of Finance and a bribe for all federal agencies to train their specialists on the procedures, steps and rules used to prepare the draft general budget, in accordance with the zero budget system in force in the federal government, and explain the decisions and financial circular issued on the preparation of draft budget for 2019, in addition to several training workshops on the policy Financial transfers, during the second half of this year 2018. The budget for social and social development programs amounted to AED 25.5 billion, representing 42.3% of the total budget. Provisions for general, higher and university education programs amounted to AED 10.3 billion, representing 17% of the total budget. % Of the total budget. Higher and higher education estimates amounted to 3.6 billion dirhams, representing 6% of the total budget, with AED 1.4 billion allocated to the goals and programs of the UAE University, AED 1 billion to Zayed Higher Colleges and Zayed University with AED 435 million. Total budget, to provide the highest levels of medical care services. The allocation of social security programs and the activation of social integration in the Ministry of Community Development amounted to AED 3.2 billion, representing 5.3% of the total budget, to ensure that the state subsidized the categories deserving support, and to provide subsidies to special groups requiring care. Grants to provide the appropriate housing for citizens of the state by 2.6% .. while the appropriations of social benefits programs – pensions 4.5 billion dirhams, 7.4% of the total budget. Younis Haji Al-Khouri said: “The consolidated balance sheet for fiscal year 2019 reflects the significant development witnessed by the country, the growth in the revenues of the federal entities, and their ability and commitment to achieve the strategic objectives adopted in accordance with the vision of the UAE 2021.
