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Money News

UAE to spend around $7 billion in social projects in 2021 budget

DUBAI (Reuters) - The cabinet of the United Arab Emirates plans to spend 26.04 billion dirhams ($7.09 billion) in social projects as part of its 2021 budget, the UAE government tweeted on Monday.

The budget includes 21.3 billion dirhams in government affairs and 3.93 billion dirhams in federal projects, it said.

The 2021 budget was set at 58 billion dirhams, state news agency WAM reported on Sunday.

($1 = 3.6728 UAE dirham)

Reporting by Aziz El Yaakoubi and Davide Barbuscia; Editing by Alison Williams

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