We continue to adopt international best practices in financial management

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Governor of Dubai, Deputy Prime Minister and Minister of Finance, yesterday chaired a meeting to review the government financial work system and the most prominent results and plans to achieve the aspirations of the rational leadership.

The meeting was attended by Minister of State for Financial Affairs, Muhammad bin Hadi Al -Husseini, and the leaders of the Ministry.

During the meeting, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed that what the Ministry of Finance achieved in 2024 represents a basic pillar to build a sustainable future for the UAE, indicating that the adoption of the largest budget in the history of the country, and the remarkable success of the financing programs, reflects the vision of our rational leadership Which believes in investing in the future of future generations, and continuing to work to enhance the state’s position as a global destination for investment and financial innovation, with a focus on achieving financial sustainability that supports ambitious development plans.

His Highness said: “With the directives of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and the follow -up of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God bless him, we continue to adopt international best practices in financial management To enhance the Ministry’s role in supporting sustainable economic development, with a focus on achieving the strategic interests of the state at the local and international levels.

His Highness added: “The 2025 plan constitutes a strategic step towards achieving the vision of (UAE 2031) and the targets of (Emirates Centenary 2071), and through which we seek to enhance international financial cooperation, upgrade financial governance and the level of government services to achieve the welfare of our society, and we look forward to completing the march of achievements Through ambitious projects that enhance the country’s competitiveness in the global economy.

The largest budget

His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum said in a post on the X platform yesterday: “Today I chaired a meeting to review the achievements of the Ministry of Finance for the year 2024, where last year witnessed prominent achievements, the most important of which is the adoption of the largest budget in the country’s history for 2025, and success Financing programs, such as government treasury bonds and Islamic treasury instruments, which strengthened liquidity and attracted local and international investments, and maintaining the state’s sovereign credit rating from international agencies, as last year witnessed the launch of a package of financial and tax legislation that strengthened the business environment, and we applied transformational projects that depended on artificial intelligence to improve Financial competence.

His Highness added: “In 2025, the focus will be on enhancing international financial cooperation, improving financial governance, creating solutions that support the well -being of Emirati society, and the vision of our rational leadership continues in the development process to improve financial governance and the level of government services to achieve the luxury of our society, and we look forward to completing the march of achievements through projects Ambiguity enhances the country’s competitiveness in the global economy. ”

The most prominent achievements

The most prominent achievements achieved by the Ministry of Finance were reviewed during the year 2024, which formed a milestone in the ministry’s march towards achieving its strategic vision, as the year 2024 witnessed the approval of the general budget of the Federation of 2025, which is the largest in the history of the state, allowing the launch of ambitious development projects aimed at Enhancing the quality of life in Emirati society and developing infrastructure, within the framework of the Ministry’s commitment to achieving a balance between economic growth and financial sustainability. The Ministry also achieved remarkable success in innovative financing programs, as the government treasury bonds program and the Islamic treasury bonds program in dirhams led to the promotion of financial liquidity and the attracting of local and international investments, and contributed to the development of the financial market of the state. In the same context, strong performance and wise financial policies contributed to maintaining the sovereign credit rating of the state by the international classification agencies “Fitch” and “Moody’s”, which strengthened the UAE’s position as a stable and safe investment destination, and affirmed its ability to fulfill its financial obligations.

Legislation and policies

In the field of legislation, the Ministry was able to launch a new law package, develop tax laws, and regulate financial policies, which strengthened the business environment and achieved integration between the tax system and financial legislation, and adherence to transparency and sustainability.

On the international level, the Ministry of Finance had a pivotal role in formulating financial policies through its active participation in the meetings of the Group of Twenty, the BRICS Group, and the major international financial organizations, which strengthened the state’s status as a major partner in addressing global economic issues.

Transfer projects

During the year 2024, the Ministry of Finance witnessed many transformational projects that focused on achieving the goals of financial sustainability and enhancing government competence. These projects included the application of artificial intelligence in financial transmission, the development of the job budget system, and the automation of central matching operations, which contributed to accelerating procedures and increasing the accuracy of financial statements .

The Ministry also focused on the governance of government revenue procedures and the achievement of government spending efficiency, which are strategic steps aimed at enhancing transparency and ensuring the optimal use of financial resources, and these projects, which come within the framework of the Ministry’s vision to enhance innovation and achieve sustainable development, contributed to providing practical solutions to support sustainable and strong economy And enhancing the operational environment in the financial sector in a way that reflects positively on all economic sectors, in addition, the Ministry launched within its strategy innovative smart government services using the latest technologies, which led to improving efficiency, reducing bureaucracy and enhancing the experience of customers, as efforts included automating financial operations and procedure governance To accelerate transactions and achieve data accuracy, which reflected positively on the country’s business environment.

Plan 2025

The meeting discussed the Ministry of Finance’s work plan for the year 2025, which revolves around achieving the ministry’s strategies and seeing “We Emirates 2031”, with a focus on innovation in developing financing tools, promoting financial governance, and supporting the national economy through initiatives that achieve sustainable growth, as well as highlighting Transformational projects that will contribute to enhancing the efficiency of financial management, and consolidating the state’s position as a global center for investment and innovation.

Maktoum bin Muhammad:

. The results achieved in 2024 are the main pillar to build a sustainable future for the UAE.

. The 2025 strategic step towards achieving the vision of “We UAE 2031”, and the “Emirates Centennial 2071” targets.

. Note success in the government treasury bonds and Islamic treasury instruments.

. Launching a legislation package, developing tax laws, and regulating financial policies.