Lakhasly

Over the past 10 years, the United Arab Emirates' government has put fiscal policy measures into place to control economic fluctuations and sustain the nation's economy.efforts for urban development that are modeled after ideas such as Saudi Arabia's NEOM that emphasize innovation clusters, smart cities, and sustainability.Subsidies and Support Packages o The United Arab Emirates offered a number of financial stimulus plans and financial aid initiatives to aid throughout the pandemic: o Support for small and medium-sized businesses (SMEs), such as reduced expenses, postponed loan payments, and rental assistance.o More budgetary flexibility in allocating funds for community programs and expenditures; o Reduced inflation due to low rates and strict implementation; As a result of the move, the UAE is now seen as a progressive economy that complies with the highest international standards.Governmental Expenditures In the UAE, public spending has been steadily rising, especially in vital areas like:

o Education is a set of activities that promote the growth of educational institutions, colleges, or online learning resources in order to create a knowledge-driven system._______________________________________ 3.________________________________________ 4.1..2.

Over the past 10 years, the United Arab Emirates' government has put fiscal policy measures into place to control economic fluctuations and sustain the nation's economy. Such measures have been necessary to preserve economic equilibrium during recessions and to improve it during recoveries.

1. Governmental Expenditures
   In the UAE, public spending has been steadily rising, especially in vital areas like:

• Education is a set of activities that promote the growth of educational institutions, colleges, or online learning resources in order to create a knowledge-driven system. • Healthcare, including financing for public health safety, medical infrastructure, and vaccines, particularly during the COVID-19 pandemic.

•Infrastructure: Significant developments in power, urban planning, and transportation have improved connection and maintained economic growth.
Such wise expenditure has boosted aggregate demand, opened up job opportunities, and made it easier for the economy to diversify.
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2. Subsidies and Support Packages
   • The United Arab Emirates offered a number of financial stimulus plans and financial aid initiatives to aid throughout the pandemic:
   • Support for small and medium-sized businesses (SMEs), such as reduced expenses, postponed loan payments, and rental assistance.
   • Assisting several industries, including food, travel, and aviation.

• Wage protection measures are in place to keep employment levels stable; these regulations have helped prevent further economic declines and have also boosted consumer spending and corporate activity.

3. VAT Implementation (2018)
   • In 2018, the implementation of a 5% Value Added Tax (VAT) was a significant step in diversifying sources of income and reducing dependency on oil. Among its effects are: • Increased non-oil revenue, which improves the government's financial situation.

• More budgetary flexibility in allocating funds for community programs and expenditures; • Reduced inflation due to low rates and strict implementation; As a result of the move, the UAE is now seen as a progressive economy that complies with the highest international standards.

4. Public Investment in Mega-Projects
   • The UAE is making significant investments in ambitious projects, such as Expo 2020 Dubai, which attracted international attention and significantly boosted the travel and service sectors. efforts for urban development that are modeled after ideas such as Saudi Arabia's NEOM that emphasize innovation clusters, smart cities, and sustainability.
   o Over time, these investments will boost the UAE's economic growth, draw in foreign capital, and raise its level of competitiveness abroad.