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The UAE Cupboard has authorised the federal finances for 2026, estimated at AED92.4 billion in each revenues and expenditures, marking the biggest finances within the nation’s historical past for the reason that institution of the Union.
The choice was made throughout a gathering chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, at Qasr Al Watan in Abu Dhabi.
In a put up on X, Sheikh Mohammed mentioned: “I chaired at the moment’s Cupboard assembly at Qasr Al Watan in Abu Dhabi, throughout which we authorised the federal finances for 2026, with estimated revenues of AED92.4 billion and balanced expenditures of the identical quantity.”
He added: “The 2026 federal finances is the biggest for the reason that institution of the Union.. a finances that strengthens the federal system and displays our continued dedication to balanced and sustainable growth.”
The Cupboard additionally authorised the creation of a programme to help and reinforce the Federal Monetary Centre by annual allocations from the federal finances. The initiative goals to make sure the long-term monetary sustainability of federal establishments.
In the course of the assembly, the Cupboard reviewed the outcomes of the UAE’s 2024 Nationwide Agenda for Outward International Direct Funding. The report confirmed that the nation’s cumulative international funding overseas reached AED1.05 trillion, representing a 9 per cent improve from the earlier yr.
The UAE now ranks first within the Arab world and among the many prime 20 international economies in outward international direct funding.
Sheikh Mohammed mentioned the figures mirror the power and increasing international attain of the UAE’s financial system. “Our investments proceed to develop, our commerce is accelerating, and our financial system is transferring steadily ahead,” he mentioned.
The Cupboard additionally authorised 35 worldwide agreements and memoranda of understanding within the fields of financial system and cooperation. It reviewed the progress of the UAE’s export growth coverage, which noticed exports rise from round AED470 billion in 2019 to AED950 billion in 2024, marking a rise of 103 per cent.
Sheikh Mohammed added: “Our budgets are balanced, our investments are rising, and our nation continues to advance in prosperity and stability below the management of my brother, His Highness Sheikh Mohamed bin Zayed Al Nahyan. Collectively, we proceed to maneuver from one peak to a different, making certain a dignified life for our individuals and all who name the UAE residence.”
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