The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

UAE ranked 5th country worldwide for efficiency of government spending

posted on 14/12/2011: 2743 views


The UAE was ranked fifth in the world in terms of efficiency of government spending in the 2011-2012 Global Competitiveness Report of the World Economic Forum (WEF), reflecting the UAE's leadership's vision and strategy of achieving prosperity for its citizens. HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and the Minister of Finance, attributed this global achievement to the wise leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.

The report commended the UAE's ability to enhance the efficiency and transparency of its government spending, two essential elements that determine competitiveness of countries, ranking it in the fifth place among the 142 countries covered by the report. The UAE has been raised two places from its ranking last year.

According to the report, the 2011-2013 zero-based budget initiative of the UAE government was most prominent in increasing efficiency of government spending. Initiated in November 2010, the initiative enhances efficiency of government spending and preserves public funds by clearly determining activity and program costs, outcomes and objectives. The UAE also allocated ministries to develop fresh new budgets every three years which are not limited to increases in spending, but include all items of expenditure.

Obaid Humaid Al Tayer, Minister of State for Financial Affairs, said: "Our ranking proves that the global community has recognised our competitiveness and achievements on an international scale. It is a clear sign of appreciation for the UAE's efforts in increasing government efficiency." The continuous efforts made by the Ministry of Finance (MoF) in the development of the public finance system and the preparation of the general budget of the federal government have culminated in the improvements in the federal government budget. Presenting the 2011 budget in the zero-based budgeting system enabled federal bodies to link operational goals with strategic objectives of the government to meet the needs of society. During the last ten-months, reform programs have been implemented within the framework of partnership between MoF, concerned ministries and other federal agencies.

The UAE government is pleased that it has achieved several significant accomplishments, surpassing the standards recognised and proclaimed by OECD countries, particularly in the fields of healthcare and education.

"The UAE has witnessed rapid growth and successfully adopted the necessary changes to the federal government's general budget preparation system. The application of zero-based budgeting supports the objectives of the UAE to achieve competitive capabilities and performance efficiency and increase transparency in government spending," he said.

Al Tayer added: "Under zero-based budgeting, we were able to work with fewer resources, enhance the efficiency of government spending by 6%, and direct our resources toward highly-efficient programs. At the same time, we continued our commitment to the vision and guidance of our wise leadership to achieve social development." - Emirates News Agency, WAM

RELATED ARTICLES

08 June 2017 Mohammed bin Rashid, Mohamed bin Zayed hold talks with Emir of Kuwait
08 June 2017 Sustainable development, green economy are priorities of Ajman Government: Ammar Al Nuaimi
05 June 2017 UAE supports statements of Kingdom of Bahrain and Kingdom of Saudi Arabia on Qatar
22 May 2017 Mohammed bin Rashid launches 2071 Zone as core for designing the future
15 May 2017 UAE condemns North Korean ballistic missile launch, calls for preserving international security and peace


Most Read