Post by : Mariam
Al-Faris
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, along with H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance.
Key Attendees and Participants
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. Their presence ensured comprehensive discussions on the country’s fiscal planning and financial policies.
Discussion on 2026 Draft Budget
The committee reviewed the draft 2026 federal budget, which is part of the broader 2022–2026 budget plan. Updates were made following directives from the 13th meeting held on July 10, 2025. The committee also assessed the federal government’s cash flows for 2025, using actual revenue data up to August, and considered revenue forecasts for 2026 based on updated tax laws and projections from federal entities.
Assessment of Government Financial Position
During the meeting, the committee evaluated the UAE government’s financial position for 2025. Significant progress across various economic sectors was noted, demonstrating effective resource management. The committee also addressed requests from federal entities for financing strategic projects and reviewed updates on completed capital and development initiatives.
Supporting Sustainable Development
The UAE federal budget is designed to support sustainable development while meeting social and economic priorities. The budget remains flexible and is continuously reviewed to align with leadership directives. This ensures financial efficiency and strengthens the UAE’s global standing in public finance.
Coordination and Updates by Ministry of Finance
The committee praised the Ministry of Finance for its effective coordination with federal entities and timely updates to the draft budget. This collaborative effort ensures that the budget reflects current economic realities, strategic priorities, and the nation’s development goals.
2025 Budget Achievements
For the fiscal year 2025, the UAE Cabinet approved the general budget with both revenues and expenditures estimated at AED 71.5 billion. The budget maintained a balance between financial resources and public spending, highlighting careful fiscal management and prudent allocation of funds.
Preparation for 2026 Budget Submission
Preparations for the 2026 federal budget will continue in the coming months. The Ministry of Finance is completing the necessary procedures before formally submitting the draft budget to the Cabinet. This process ensures that all projections, allocations, and strategic priorities are accurately reflected in the final proposal.
Financial Planning and National Priorities
The committee emphasized that the federal budget is a key tool for achieving national priorities. By carefully managing revenues, expenditures, and strategic investments, the UAE aims to support economic growth, enhance public services, and maintain fiscal sustainability across all sectors.
Commitment to Excellence in Public Finance
The 14th meeting of the General Budget Committee demonstrates the UAE’s commitment to financial planning, transparency, and efficiency. Through careful review and coordination, the government continues to advance its economic vision and ensure the federal budget aligns with long-term national objectives.
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