Dubai: H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has launched the Ministry of Finance Strategic Plan 2027-2029, introducing a new government framework designed to enhance the efficiency of public financial management and advance its policies and tools in line with the UAE's ambitions for the next phase of development.
According to Emirates News Agency, H.H. Sheikh Maktoum bin Mohammed emphasized that the Strategic Plan marks a new milestone in the evolution of the UAE's government financial ecosystem, reflecting an ambitious national vision to strengthen the country's future readiness. The plan aims to establish a proactive and agile financial model supporting sustainable growth, enhancing national competitiveness, and reinforcing the UAE's global standing.
H.H. underscored that guided by the vision of the UAE's leadership, fiscal policies are continuously advanced to remain responsive to change and capable of creating new opportunities. The plan is set to further strengthen the role of public finance as a strategic driver of sustainable development, government excellence, and quality of life, all of which remain national priorities.
H.H. noted that the new plan is built on a future-focused vision aiming to elevate government financial management through proactive, agile, and innovative financial policies and solutions. It seeks to strengthen strategic partnerships and expand financial and economic cooperation, positioning the UAE as a key partner in shaping the future of regional and global finance and economic development.
He further emphasized that developing national talent, leveraging advanced technologies, and fostering a culture of innovation are fundamental pillars in building a government financial ecosystem well equipped for future challenges. This approach ensures sustainable impact and supports the achievement of the UAE's national objectives in the coming years.
Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, remarked that the Ministry of Finance's Strategic Plan 2027-2029 marks the beginning of a new phase in government financial management. It focuses on strengthening readiness, advancing sustainability, and expanding the impact of partnerships in support of the UAE's economic and development priorities.
Al Hussaini highlighted that the plan provides a comprehensive framework for advancing the government financial ecosystem by enhancing agility and responsiveness to change. It reinforces the Ministry's role in strengthening the UAE's competitiveness, improving government financial performance, and building partnerships to elevate the country's presence on the global financial and economic stage.
The Strategic Plan is guided by the vision of the UAE's leadership, the UAE Centennial 2071, and other key national and federal strategies. It is shaped by the need to build a proactive government financial ecosystem capable of keeping pace with rapid changes in the global economy, supporting national priorities, and improving quality of life objectives.
The plan marks a transformative shift in government financial management, transitioning from a centrally managed public finance model to a more collaborative approach. It emphasizes partnerships and cross-government cooperation, moving towards a proactive and sustainable model that embeds financial and institutional resilience as core principles.
The Ministry will focus on enhancing government services and elevating customer experience, transitioning towards proactive and sustainable fiscal policies. Projects will be designed to enhance service quality and customer satisfaction for key stakeholders, including federal entities and private-sector partners.
As part of its Strategic Plan, the Ministry aims to transition from responsive service delivery to predictive services that anticipate needs before they arise. This transformation involves initiatives like the Smart Predictive Budgeting Platform and the Integrated Smart System for Government Revenue Management and Financial Analysis.
The Strategic Plan establishes three overarching objectives: strengthening fiscal sustainability and resilience, achieving global leadership in government financial performance, and reinforcing the UAE's international standing through strategic partnerships. It includes key objectives to design proactive fiscal policies, maximize efficiency in financial resource management, and expand global financial cooperation.
