Approving the General Budget Cycle of the
Government of Dubai for the Financial Years 2024 to 2026 and
the
General Budget of the Government of Dubai for the Financial
Year 2024[1]
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We, Mohammed
bin Rashid Al Maktoum, Ruler of Dubai,
After
perusal of:
Law
No. (5) of 1995 Establishing the Department of Finance;
Law
No. (1) of 2016 Concerning the Financial Regulations of the Government of Dubai
and its amendments;
Law
No. (8) of 2018 Concerning Management of the Government of Dubai Human
Resources;
Law
No. (12) of 2020 Concerning Contracts and Warehouse Management in the
Government of Dubai;
Law
No. (23) of 2022 Approving the General Budget Cycle of the Government of Dubai
for the Financial Years 2023 to 2025 and the General Budget of the Government
of Dubai for the Financial Year 2023; and
Executive
Council Resolution No. (5) of 2021 Issuing the Implementing Bylaw of Law No.
(1) of 2016 Concerning the Financial Regulations of the Government of Dubai and
its amendments,
Do hereby issue this Law.
a. The General Budget of the Government of Dubai will be planned and approved according to a medium-term budget cycle of three (3) Financial Years.
b. The General Budget cycle of the Government of Dubai will integrate strategic and financial planning by providing the funding required to implement the Government plans, initiatives, and projects to be implemented in the Emirate of Dubai.
c. The approved annual General Budget of the Government of Dubai will constitute part of the General Budget cycle.
d. The General Budget cycle of the Government of Dubai will be updated
and developed annually through coordination between the Department of Finance
and other Government Entities in the Emirate of Dubai, with a view to achieving
financial efficiency and effectiveness.
a. The expenditure of the General Budget cycle of the Government of Dubai for the Financial Years 2024 to 2026 is estimated at two hundred and forty-six billion five hundred and sixty-one million dirhams (AED 246,561,000,000.00).
b. The revenue of the General Budget cycle of the Government of Dubai for the Financial Years 2024 to 2026 is estimated at two hundred and ninety-one billion one hundred and sixty-one million dirhams (AED 291,161,000,000.00).
c. The general reserve to be retained by deduction from the Public Revenue of the Financial Years 2024 to 2026 is estimated at twenty billion and six hundred million dirhams (AED 20,600,000,000.00).
a. The expenditure of the General Budget of the Government of Dubai for the Financial Year 2024 is estimated at seventy-nine billion one hundred and thirty-one million dirhams (AED 79,131,000,000.00).
b. The revenue of the General Budget of the Government of Dubai for the Financial Year 2024 is estimated at ninety billion six hundred and thirty-one million dirhams (AED 90,631,000,000.00).
c. The general reserve to be retained from the Public Revenue of the Financial Year 2024 is estimated at five billion five hundred million dirhams (AED 5,500,000,000.00).
d. The Government of Dubai General Budget surplus for the Financial Year 2024 is estimated at six billion dirhams (AED 6,000,000,000.00).
a. The estimated expenditure and revenue of the General Budget cycle of the Government of Dubai for the Financial Years 2024 to 2026 will be allocated as indicated in Schedule (1) attached to this Law.
b. The estimated expenditure and revenue for the Financial Year 2024 will be allocated as indicated in Schedule (2) attached to this Law.
A
Government Entity which is subject to the General Budget must comply with the
following rules and regulations:
I. Salaries and Wages
1. not exceed the maximum number of posts stated in the approved budget of the Government Entity;
2. not exceed the financial appropriations allocated to the respective posts in the approved budget of the Government Entity;
3. comply with the provisions of the above-mentioned Law No. (8) of 2018, the resolutions issued in pursuance thereof, and other legislation regulating human resources in respect of all matters related to salaries, promotions, bonuses, increments, and allowances; and
4. where the Government Entity is subject to the General Budget and its Employees are not governed by the above-mentioned Law No. (8) of 2018, coordinate with the Department of Finance in case of making any amendments, that have financial impact, to its human resources regulations.
II. Operating Expenses
1. implement expenditure control programmes based on an annual plan approved and implemented for this purpose, and inform the Department of Finance of this plan and the outcomes of its implementation;
2. avoid excessive acquisition of fixed assets; prepare a plan for replacement and replenishment of these assets in line with the approved budget; and conduct feasibility studies on the acquisition of assets, taking into consideration the available stock of goods and materials; and
3. not incur long-term obligations without first coordinating with the Department of Finance.
III. Construction Projects
1. spend only on the approved construction projects included in its approved budget; and
2. not make any variations to the cost of approved construction projects without first obtaining the relevant approval of the Department of Finance.
IV. General Provisions
1. not exceed the financial appropriations approved for the Government Entity pursuant to this Law; and not enter into commitments or incur obligations that are beyond the approved budget;
2. comply with the provisions of the above-mentioned Law No. (1) of 2016 and Executive Council Resolution No. (5) of 2021; and with the resolutions, circulars, ground rules, instructions, and guidelines issued in pursuance thereof, particularly in respect of obtaining the approval of the Director General of the Department of Finance or his authorised representative prior to reallocating funds across budget chapters;
3. comply with the provisions of the above-mentioned Law No. (12) of 2020, particularly in respect of variation orders;
4. perform the financial commitments made during the Financial Year 2023 out of the budget savings of the Financial Year 2024, provided that these commitments are made within the approved budget of the Government Entity; and
5. comply with the relevant resolutions, circulars, ground rules, instructions, and directives issued by the Department of Finance concerning implementation of the General Budget of the Government of Dubai for the Financial Year 2024, even if these resolutions, circulars, ground rules, instructions, or directives contradict any provisions stipulated in the above-mentioned Law No. (8) of 2018, the resolutions issued in pursuance thereof, or the applicable legislation governing the human resources of the Government Entity where its Employees are not governed by the provisions of the above-mentioned Law No. (8) of 2018.
The Director General of the Department of Finance, or his authorised
representative, will issue the resolutions, circulars, ground rules,
instructions, and directives required for the implementation of the provisions of this Law.
The
above-mentioned Law No. (23) of 2022 is hereby repealed. Any provision in any
other legislation is also hereby repealed to the extent that it contradicts the
provisions of this Law.
This Law
comes into force on 1 January 2024, and will be published in the Official
Gazette.
Mohammed bin
Rashid Al Maktoum
Ruler
of Dubai
Issued in Dubai on 31 October 2023
Corresponding to 16 Rabi al-Thani
1445 A.H
Schedule (1)
Allocation of Estimated Expenditure and Revenue for the
General Budget Cycle for the Financial Years 2024 to 2026
|
Description |
Financial Year (in dirhams) |
Total (in dirhams) |
||
|
2024 |
2025 |
2026 |
||
|
Estimated Revenue |
90,631,000,000.00 |
98,880,000,000.00 |
101,650,000,000.00 |
291,161,000,000.00 |
|
General Reserve |
5,500,000,000.00 |
7,160,000,000.00 |
7,940,000,000.00 |
20,600,000,000.00 |
|
Estimated Expenditure |
79,131,000,000.00 |
83,720,000,000.00 |
83,710,000,000.00 |
246,561,000,000.00 |
Schedule (2)
Allocation of Estimated Expenditure and Revenue for the
Financial Year 2024
|
Description |
Approved Budget 2024 (in dirhams) |
Percentage |
|
I. Estimated
Government Revenue |
||
|
Foreign
Bank Branches Tax |
500,000,000.00 |
1% |
|
Customs
Duties |
7,327,000,000.00 |
8% |
|
Value
Added Tax, Excise Tax, and Corporate Tax |
13,220,000,000.00 |
14% |
|
Fees
and Fines |
50,586,000,000.00 |
56% |
|
Returns
on Government Investments |
15,148,000,000.00 |
17% |
|
Oil
Revenue |
3,850,000,000.00 |
4% |
|
Total Estimated Government Revenue |
90,631,000,000.00 |
100% |
|
General
Reserve |
5,500,000,000.00 |
|
|
Total Estimated Government Revenue
after Retention of General Reserve |
85,131,000,000.00 |
|
|
II. Estimated Government Expenditure |
||
|
Salaries
and Wages |
20,790,000,000.00 |
26% |
|
General
and Administrative Expenses |
18,645,000,000.00 |
24% |
|
Grants
and Government Support |
18,137,000,000.00 |
23% |
|
Capital
Expenditure |
3,109,000,000.00 |
4% |
|
Public
Debt Service |
5,950,000,000.00 |
7% |
|
Construction
Projects |
6,500,000,000.00 |
8% |
|
Special
Reserve |
6,000,000,000.00 |
8% |
|
Total Estimated Government
Expenditure |
79,131,000,000.00 |
100% |
©2023 The Supreme Legislation Committee in the
Emirate of Dubai
[1]Every effort has been made to produce an
accurate and complete English version of this legislation. However, for the
purpose of its interpretation and application, reference must be made to the
original Arabic text. In case of conflict, the Arabic text will prevail.