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Dubai Financial Department

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Department of Finance

Under the guidance of His Highness Sheikh Mohamed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and in line with Law no. (5), the Department of Finance, Government of Dubai, was established in 1995.

The mandate of the Department of Finance is to supervise all financial and accounting affairs of the emirate, in addition to issuing consolidated financial statements for the Emirate.

The Department of Finance is responsible for the development of the emirate's general annual budget and its execution in cooperation with all relevant local government departments. Furthermore, the Department of Finance provides liquidity, including transferring sanctioned budgetary allocations to all relevant government departments. It also oversees the preparation and development of tolls, dues and other resources. In addition, the Department of Finance verifies the collection of taxes and the provision of general revenues, while also supervising government banking accounts.



Our vision

Sound management of public finance, prospering economy, welfare for the coming generations



Our mission

Fiscal discipline & transparency in Dubai Government

Strategic public resource allocation that facilitates the achievement of Dubai Strategic Plan

Effective & efficient operational management at DOF and all other government entities



Strategic objectives

Improve fiscal discipline: the planning, controls over and reporting of government revenues and expenditures

Implement budgeting methods that ensure higher levels of accountability, efficiency and performance orientation in Dubai Government

Prepare the full set of Dubai Government’s consolidated financial reports that meet international best practice and increase fiscal transparency

Develop cash and debt management to ensure best possible funding terms for Dubai Government and effective use of its resources

Provide specialized training programs to Dubai Government employees to improve the management of public finances.

Description

Dubai emirate occupies a leading position in all areas thanks to the wise policy of Dubai rulers; This policy made Dubai a hub to excellence and prosperity seekers. The Department of Finance works to support Dubai economic track, and to achieve a balance between the many strategic, economic objectives of Dubai

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