According to Amac News: The main objectives of the budget are to strengthen the capacities of government agencies to finance strategic initiatives, provide decent housing for citizens, and improve tourism infrastructure, a move that will help increase the tourism industry’s contribution to sustainable economic development.
The 2025 budget is based on several strategic and financial pillars and emphasizes progressive environmental development in the social, cultural, health, tourism and infrastructure sectors. It also seeks to strengthen the government’s ability to address global and regional challenges, including inflation and geopolitical tensions.
The budget also emphasizes the goal of creating job opportunities in the public and private sectors and focuses on developing citizens’ skills in search of work.
The 2025 budget of the Emirate of Sharjah includes an increase of 2% compared to 2024. Salaries and wages account for 27%, operating expenses for 23% and capital projects for 20% of the total budget. In addition, 12% of the budget is allocated to support and assistance.
The infrastructure sector, with 41% of the total budget, is the top priority, reflecting the government’s strong commitment to improving infrastructure to attract domestic and foreign investment. The economic development sector is next with 27% and the social sector with 22%.
Operating revenues are expected to account for 74% of total revenues, and tax revenues are expected to increase by 15% compared to last year.
Oil and gas revenues also account for about 2% of total revenues in the 2025 budget.