Sharjah has announced its largest-ever budget for 2025, allocating Dh42 billion to enhance living standards and drive sustainable development.
The budget focuses on significant investments in infrastructure, social welfare, cultural initiatives, and tourism. Key priorities include housing solutions and job creation. It also strengthens public and private sectors to foster economic growth.
Infrastructure and Economic Development Lead Investments
Infrastructure development commands 41% of the total budget. This marks a 7% increase from 2024, showcasing Sharjah’s commitment to progress. This allocation aims to attract both foreign and local investments. It also promotes sustainable development across the emirate.
Meanwhile, the economic development sector receives 27% of the budget. This allocation reinforces Sharjah’s competitive edge in the region. Additionally, 22% is dedicated to social development, emphasizing education, healthcare, and social support.
Modernization and Financial Stability in Sharjah
The 2025 budget incorporates innovative financing strategies to bolster financial stability. It prioritizes modernizing electronic payment systems and advancing digital transformation. Furthermore, it focuses on streamlining government operations to enhance efficiency. These initiatives aim to improve residents’ experiences with government services.
Tourism, Culture, and Human Resource Development
Sharjah’s budget underscores its vision to become a global hub for culture, science, and recreation. Initiatives aim to boost tourism and preserve cultural heritage. Meanwhile, human resource development remains central to the emirate’s strategy. Programs are designed to equip citizens with entrepreneurial skills. They also aim to create job opportunities in public and private sectors.
Strategic Allocations in Sharjah
Operational expenses constitute 23% of the budget, reflecting the focus on raising service delivery standards. Capital projects receive 20%, reaffirming the emirate’s dedication to infrastructure enhancement. Loan repayments and interest account for 16%, showcasing the government’s commitment to meeting financial obligations.
Social support initiatives are allocated 12%, with a strong emphasis on sustainability and resource optimization. Measures to manage spending effectively focus on high-impact areas to improve competitiveness.
Revenue Growth and Projections
Public revenues are expected to grow by 8% compared to 2024. Operating revenues will make up 74% of total revenue. This represents a 16% increase. Tax revenues are projected to rise by 15%, comprising 10% of total revenue. Customs revenues remain stable at 4%, while oil and gas revenues will contribute 2%.
With its ambitious and strategic 2025 budget, Sharjah aims to enhance life quality for residents. The emirate seeks to position itself as a thriving economic and cultural hub regionally and globally.
