Wednesday , May 25 2022

The "Financial and Economic Committee" reviews the overall budget of the Union


Sharjah –

The Finance and Economic Committee held its regular meeting on Sunday under the chairmanship of its High High Sheikh Hamdan bin Rashid Al Maktoum, Deputy Manager of Dubai and Finance Minister, at Al Watan Palace in Abu Dhabi and the presence of HH Sheikh Mansour Bin Zayed Al Nahyan, Deputy First Minister and Minister of Presidential Affairs.

The meeting was attended by HE Mohammed bin Abdullah Al Gergawi, Minister for the Cabinet and Future Affairs, Sultan Bin AU Saeed Al Mansouri, Minister of Economy, Senior Minister Humin Al Tayer Bin, Minister of State for Finance and HE Affairs. Abdullah Bin Mohammed Balheif Al Nuaimi, Minister for Infrastructure Development.

The Committee reviewed the overall draft budget of the Union, and a number of subjects, the most important of which is the Union's overall budget for the 2020 financial year and the additional financial shares for 2019.

In addition, the Committee reviewed the applications for additional financial loans for 2019 received by the federal authorities during the first quarter of 2019. The decisions and appropriate recommendations were discussed. Expected cash flow for the years 2019-2020 was discussed in light of federal financial statements.

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