Abu Dhabi Sets Stage For Economic Growth With 2025 Budget Cycle Event

The Department of Finance - Abu Dhabi recently organised the 2025 Budget Cycle event, highlighting its pivotal role in developing a robust financial ecosystem that promotes economic stability and prosperity. The event saw participation from over 450 individuals representing more than 60 government entities across the emirate, including Undersecretaries, Director Generals, and senior representatives.

During the event, participants discussed various innovative initiatives in budgeting and resource allocation, essential for sustainable economic growth and community well-being. Insights were shared on preparing the 2025 budget while maintaining high standards of meticulous planning, fiscal responsibility, and efficient resource allocation.

The 2025 Budget Cycle aims to set the framework for government priorities through optimal resource allocation, diversifying revenue sources, and maintaining a prudent spending policy. This involves supporting economic and social development priorities, positively impacting citizens, residents, and visitors alike.

The event featured interactive sessions with representatives from the Department of Finance and notable speakers from the Abu Dhabi Executive Office, the Department of Health, the Department of Economic Development, the Integrated Transport Center, and other relevant entities. The first session focused on budget review, while the second session delved into expenditure review.

A dedicated discussion session explored mechanisms to strengthen financial cooperation and encourage active collaboration between various teams representing both the Department of Finance and several government entities. Commenting on the event, Buthaina Al Mazrouei, Director General of Government Financial Affairs, expressed satisfaction with the outcomes.

"We were pleased with the outcome of the event, in which we aimed to advance financial efficiency and strengthen transparency within the financial sector. Our objective is to foster collaborative strategic engagement between the Department of Finance – Abu Dhabi and government entities," Al Mazrouei stated.

Vision for Sustainable Growth

Al Mazrouei added, "With constant support from our wise leadership, we are working relentlessly towards our ambitious vision for Abu Dhabi. We continue dedicating our capabilities to support vital sectors such as health, education, and social care. Our ultimate goal is to solidify Abu Dhabi's standing as a leading global hub for innovation, financial sustainability, and comprehensive development."

The event was hosted at ADNEC Centre Abu Dhabi and included several interactive sessions and activities. Participants offered innovative insights and took actionable steps towards achieving the Department of Finance’s vision for a prosperous and sustainable financial ecosystem.

With inputs from WAM