Economy
Sharjah announces new budget for infrastructure and social support

Sharjah, UAE has announced a budget with total expenses of AED 25.7 billion for 2019, marking a ten per cent growth in comparison to its 2018 budget.
His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah approved the spending for 2019, which will see an increase in spending on public safety as well as on capital improvement programs.
Focusing on Sharjah’s strategic objectives in the economic, social, scientific and cultural fields, investing in infrastructure will take precedence. The provision of social support in a variety of forms is also a priority, ensuring that the needs of all its citizens are adequately accounted.
In line with the UAE vision 2021, the budget also aims to encourage its citizens to strengthen their role in the sustainable building and development of the emirate.
“The 2019 budget will ensure that the emirate of Sharjah continues to grow and develop for it to become a major player on the world economic map. It will also ensure the financial stability of the emirate while taking into account the business costs for both local and international investors,” said Sheikh Mohammed bin Saud Al Qassimi, Chairman of the Sharjah Central Finance Department. “The budget indicators are all in line with international standards from inflation and sector expenditure as well as other economic indicators. We have also developed a more strategic expenditure framework within governmental departments,” he added.
HE Waleed Al Sayegh, Director General of the Sharjah Central Finance Department, said: “The budget of 2019 is based on an objective comprehension of the directives of His Highness the Ruler of Sharjah; a budget is a strategic tool that translates the vision and strategy of the government. Focusing on the growth and modernization of the emirate, the process involves medium-term spending, linking the budget to the economic and social indicators laid out by Dr Sheikh Dr Sultan Al Qasimi. With the 2019 budget, our goal is for all of Sharjah’s residents to enjoy a comfortable life.”
The major proposed items of the budget include:
- Salaries to account for 43 per cent of the current budget.
- 23 per cent of the budget goes to the development and improvement of Sharjah infrastructure.
- 41 per cent of the budget is allocated to the economic development sector.
- 22 per cent of the budget is allocated to the social development sector.
- Capital projects amount to approximately 22 per cent of the total budget of the government.
- 600 jobs for citizens.
- Government revenues will witness a growth rate of 20 per cent in 2019.
- Social support and assistance to account for 11 per cent of the total budget.
-
Banking & Finance4 days ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
OER Magazines2 months ago
OER, April 25
-
Renewables1 month ago
Jindal Renewables and OQ Alternative Energy Sign Joint Development Agreement to Advance Integrated Renewable Power Projects in Oman
-
Business2 months ago
St. Petersburg International Economic Forum 2025 unveils its Business Programme
-
Leaders Speak1 month ago
OERLive SPOTLIGHT: Oman Sustainability Week 2025 and Oman Petroleum & Energy Show
-
Alamaliktistaad Magazines1 month ago
Al-Iktisaad, May 25
-
OER Magazines1 month ago
OER, May 2025
-
Bahrain3 days ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
You must be logged in to post a comment Login