The budget meets directives by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan to achieve the targets of Vision 2021.

Social development programmes are the foremost priority and will receive Dh25.5billion, or 42.3 per cent of the 2019 budget, slightly less than the 43.5 per cent share allocated this year.

Education will receive Dh10.25billion, 17 per cent, and the health care sector will receive Dh4.4 billion, or 7.3 per cent, unchanged from this year.

Abdul Aziz Abdullah Al Za’abi, a member from Sharjah, asked whether the federal law on health insurance for Emirati citizens will see the light next year.

Al Tayer said a draft law on health insurance for citizens has been approved by the Ministry of Fianance, which also finalised the actuarial costs.

“We expect that within three months the draft law will be presented to the legislitative committee at the Justice Ministry, which will present it to the Cabinet for approval,” Al Tayer said.

He added in case it is endorsed by the Cabinet next year, the Finance Ministry will present the funds required to the Cabinet in the form of an additional allocation.

Shaikh Khalifa has also approved a Dh1.97 billion national budget increase. The federal budget is distinct from the budgets of the individual seven emirates.

There was “no excuse” for ministers in failing to implement federal targets in education, health and security, said His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

“The citizen is our top priority and we allocated the bulk of the budget to ensure [the citizen’s] prosperity, health, education and security,” Shaikh Mohammad said.

“We have new responsibilities and a renewed vision, and the people have future aspirations. Ministers and managers have no excuse today not to implement their strategies to achieve the UAE’s Vision 2021,” Shaikh Mohammad added.

Some 17 per cent of the 2019 budget, nearly Dh10.25 billion, has been allocated to education.

Other allocations included Dh4.4 billion to health, Dh1.7 billion for housing programmes, Dh6.6 billion for the Federal Electricity and Water Authority, Dh1.4 billion for the UAE University, Dh485.2 million for Zayed University and Dh1 billion for the Higher Colleges of Technology (HCTS).

A report by the FNC Financial and Industrial Committee suggested that the Government works out studies of the socio-economic impact of the value-added tax (VAT) and inflation and its effects on salaries, retirement payments and social security.

The UAE federal budget accounts for only around 15 per cent of overall fiscal spending in the UAE. The seven individual emirates, mainly Abu Dhabi and Dubai, make up the rest.

The House also approved the draft federal bill endorsing the closing accounts of autonomous institutions for the fiscal year ending on 31 December, 2017.

Members of the council insisted a surplus of any federal authority be transferred to the treasury.

The audit report for 2017 showed the Federal Electricity and Water Authority has achieved a Dh1.4 billion surplus, which was not referred to the treasury.