Dr Sheikh Sultan bin Muhammad Al Qasimi, Ruler of Sharjah, has approved the general budget for the emirate of AED34.4 billion ($9.4 billion) for the fiscal year 2022.
The new budget aims to achieve the strategic vision of the emirate in economic and social development, enhance financial sustainability and stimulate the overall economy, UAE state news agency WAM reported on Tuesday.
Sheikh Sultan bin Ahmed bin Sultan Al Qasimi, Deputy Ruler of Sharjah, said: “The Sharjah government budget for the year 2022 came under the directives and blessing of Sheikh Dr. Sultan bin Muhammad Al Qasimi, to complement the emirate’s march towards achieving the highest levels of excellence, success and sustainable development in all sectors and fields.
“This issue is to build on what has been achieved through a long journey in the development of the human resources and place, according to His Highness’s insightful vision.”
In August, Sheikh Sultan outlined Sharjah’s bid to create a robust economy that will act as a driver of societal and cultural development.
He said several considerations needed to be taken into account when analysing an economy’s strength and staying power, including its ability to help all segments of society realise their ambitions.
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