UAE Budget Committee Reviews Draft 2026 Federal Budget

The General Budget Committee of the UAE held its 14th meeting to discuss the draft federal budget for the fiscal year 2026. The session was attended by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court, and H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance.

Other attendees included Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; Khaled Mohamed Balama Al Tameemi, Governor of the Central Bank of the UAE; and representatives from the Presidential Court and the Ministry of Finance.

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The committee discussed the draft 2026 budget as part of the 2022–2026 budget plan, following updates based on directives from its 13th meeting held on July 10, 2025. It also reviewed the federal government’s cash flows for fiscal year 2025, using actual revenues collected up to August, and considered revenue forecasts for 2026 based on updated tax legislation and federal entities’ projections.

The committee assessed the government’s financial position for 2025, noting significant progress across various economic sectors. Requests from federal entities for financing strategic projects were addressed, and updates on completed capital and development projects were reviewed in line with financial policies.

The UAE federal budget is designed to support sustainable development and meet social and economic priorities. It remains flexible and is continuously reviewed to align with leadership directives, ensuring financial efficiency and advancing the UAE’s global standing in public finance.

The committee praised the Ministry of Finance for its coordination with federal entities and updating the draft budget effectively. For the fiscal year 2025, the Cabinet approved the general budget with both revenues and expenditures estimated at AED 71.5 billion, maintaining balance between financial resources and public spending.

Preparations for the 2026 federal budget will continue, with the Ministry of Finance completing necessary procedures before submission to the Cabinet.