Dubai (WAM)
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, chaired yesterday the eighth meeting of the Union General Budget Committee, in the presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation.
The meeting was also attended by His Excellency Muhammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, His Excellency Muhammad bin Hadi Al Husseini, Minister of State for Financial Affairs, His Excellency Khalid Muhammad Salem Balama Al Tamimi, Governor of the Central Bank of the United Arab Emirates, in addition to representatives of the Ministry of Finance.
During the meeting, the committee discussed a number of issues, the most important of which was the cash flows of the federal government for the fiscal years 2022-2023 in light of the revenues collected during the fiscal year 2022, and forecasts of expected revenues for the fiscal year 2023.
The committee reviewed the financial position of the federal government for the fiscal year 2022 in light of the actual expenditures and revenues that took place during the year 2022, as the indicators reflect the national economic growth and the recovery of the activities of the various economic sectors in the country. The committee also recommended taking the necessary measures in this regard.
The Committee discussed the requests of the federal authorities regarding the supplementary budget for the fiscal year 2023, in addition to reviewing the developments of the approved capital projects that were completed during the fiscal year 2022, and the development projects being implemented during the fiscal year 2023, in accordance with the applicable financial policies and procedures.
