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Urgent: The President of the State issues Federal Law No. (1) of 2022
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His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, may God protect him, issued Federal Law No. (1) of 2022

His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the State, may God protect him, issued Federal Law No. (1) of 2022 regarding linking the general budget of the Federation for the fiscal year 2022.

The law stipulated that the expected financing difference should be addressed to maintain the balance of the general budget of the Union in the fiscal year 2022 through any or all of: the use of part of the government’s cash reserve account, the issuance of public debt instruments, and the control of public budget expenditures through the procedures approved by the Council of Ministers.

The text of Federal Law No. (1) of 2022 regarding linking the general budget of the Federation from the 2022 fiscal year.

- 56.7 billion dirhams in revenues and 58.9 billion in expenses for the current year.

Treatment of the financing difference by using a part of the government's cash reserve.

Issuing public debt instruments and controlling budget expenditures are available means.