The UAE Ministry of Finance has announced a four-year strategic plan that will serve as a roadmap to accelerate government performance through financial empowerment, innovation, future foresight, financial leadership and sustainable development. The plan was announced by UAE Minister of Finance Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, who said that the ministry will pursue excellence in federal government work.

The plan has four main goals:

• Enable financial performance excellence within the federal government: This will be done through designing a public finance roadmap and strengthening analytical capabilities, as well as ensuring sound financial management.
• Enhance the UAE’s financial leadership and sustainable development: This will be done through developing a sustainable fiscal policy, strengthening the UAE’s financial system, and promoting sustainable development.
• Accelerate government performance through financial empowerment, innovation, future foresight, and financial leadership: This will be done through enhancing the ministry’s digital capabilities, developing a culture of innovation, and strengthening its human capital.
• Become a world-class ministry of finance: This will be done through benchmarking the ministry’s performance against global best practices and continuously improving its services.

The plan is aligned with the directives of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and the objectives of the UAE Centennial Plan 2071.

The announcement of the new strategic plan comes as the UAE prepares to enter a new phase of economic growth and development. The country is focused on diversifying its economy away from oil and gas, and investing in key sectors such as technology, tourism, and renewable energy. The Ministry of Finance will play a key role in supporting this transformation by ensuring that the government has the financial resources it needs to invest in the future.