Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, on Sunday launched Ministry of Finance’s strategic plan 2023-2026 for UAE. Sheikh Maktoum called it a roadmap to improve the government’s performance through financial empowerment, leadership and development.
The four-year strategy of the finance ministry is in line with the objectives of UAE centennial plan 2071. “We will develop and implement sustainable financial policies to promote economic growth, create a competitive business environment, strengthen international economic relations and build trust and transparency,” Sheikh Maktoum said.
He added that the ministry will prioritize to attract and empower talent, providing efficient institutional services and AI-enabled digital infrastructure, applying best practices in human resources, leadership, quality standards, institutional excellence, and performance measurement.
Ministry will play an influential role in resource allocation to support policymaking and efficient planning, said Mohamed bin Hadi Al Hussaini, minister of state for financial affairs.
The plan for 2023-2026 includes three strategic goals. Firstly, to enable financial performance excellence within the federal government through designing a public finance roadmap and strengthening analytical capabilities, and ensuring sound financial management.
Second, ensure fiscal sustainability for an inclusive future, which will be driven by managing public debt, and designing balanced tax policies that are aligned with local and international developments.
Thirdly, to strengthen national financial resilience by designing a framework for emergency response and recovery in finance, and developing a program for cooperation with international ministries of finance in the field of public finance.
Sheikh Maktoum said the ministry will pursue excellence and ensure the country’s economy is resilient and agile, ensuring long-term national goals are met.
