The General Budget Committee convened its eleventh session to deliberate on the proposed general budget of the UAE for the fiscal year 2025, as part of the budget plan spanning from 2022 to 2026. This meeting, hosted at Qasr Al Watan in Abu Dhabi, also saw the Cabinet ratifying the federal budget for the fiscal year 2024, which includes revenues of Dh65.728 billion and expenditures of Dh64.060 billion. The Ministry of Finance collaborated with all federal entities to compile the federal budget for 2025, considering the evolving local and international economic scenarios. The committee instructed the completion of all requisite steps to formulate the draft federal budget, which will subsequently be presented to the Cabinet. These actions adhere to the regulations outlined in Federal Decree-Law No. (26) of 2019 concerning public finance, its amendments, and related decisions and recommendations. The committee also assessed the federal government's financial status for 2024 based on the actual expenditures and revenues recorded in the first half of the fiscal year, noting the economic growth across multiple sectors in the UAE. Furthermore, the committee received updates on the capital and developmental projects executed during the previous months of the fiscal year 2024. The gathering was attended by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, along with Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance. Other attendees included Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs; and Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), as well as representatives from the Presidential Court and the Ministry of Finance.