AJMAN, 17th December, 2018 (WAM) — H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, approved the general budget of the Ajman Government for 2019 to 2021.
The budget amounts to AED4.140 billion, a growth of 17 percent. The general budget for the 2019 fiscal year was also approved, as part of a financial plan valued at AED1.380 billion and without a deficit.
H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Ajman Executive Council, said that the Ajman Government’s budget reflects the directives of Sheikh Humaid and the Ajman Vision 2021, to achieve the well-being and happiness of the emirate’s citizens and residents, as well as to provide the best services and ensure fiscal sustainability and the emirate’s competitiveness, in line of the UAE 2021 National Agenda.
The budget aims to promote investment in the emirate’s infrastructure and community facilities, through providing social support and serving citizens and residents, he added.
H.H. Sheikh Ahmed bin Humaid Al Nuaimi, Ajman Ruler’s Representative for Administrative and Financial Affairs and Chairman of the Department of Finance, said that the budget plans to link financial planning with strategic planning, which reflects the department’s vision of improving spending, achieving sustainable financial development, and boosting the emirate’s competitiveness, in line with the Ajman Vision2021.
He also highlighted the efforts to achieve financial sustainability and increase expenditure, to meet the requirements of government agencies and enable them to control government spending while pointing out that the budget’s largest allocation is divided between infrastructure, community facilities and the environment, which account for 37 percent of total expenditure. Economic affairs account for 25 percent, to improve the business environment while 21 percent is allocated to public services, and 17 percent to public order and safety, he concluded.