Sample Essay

The budgetary system of UAE has improved significantly since 2004-05 and the Government is making efforts to further increase the efficiency of the budgets. The budgets prepared by the Government allocate large portions of the budget to education and social services sector and estimate higher revenues from the public and economic sectors.  The authorities have decided to change the budgeting system and adopt the zero based budgetary system which would be spread over a period of three years.

This new system shall be implemented from 2011 and the first zero based budget would cover the period 2011-2013. The Boston Consulting Group has been chosen by the ministry of finance to design the basic ideas of the zero based budget of the country. The future outlook of the budgetary system is quite positive in the sense that the country would reap the benefits of the zero based budget in the years to come.

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