UAE Cabinet clears record budget of Dhs92.4b for ’26

ABU DHABI 2026 Federal Budget is the largest since the founding of the Union, says Mohammed; Cabinet also approves the establishment of a Federal Financial Support Programme.

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His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, has chaired a Cabinet meeting held at Qasr Al Watan in Abu Dhabi.

Sheikh Mohammed said, “I chaired today’s meeting of the UAE Cabinet at Qasr Al Watan in Abu Dhabi. During the session, we approved the Federal Budget for 2026, with projected revenues of Dhs92.4 billion and equally balanced expenditures.

“The 2026 Federal Budget is the largest since the founding of the Union. It strengthens the federal framework and reaffirms our continued commitment to balanced development. The Cabinet also approved the establishment of a Federal Financial Support Programme, which will be reinforced annually through dedicated allocations from the federal budget, ensuring the financial sustainability and institutional resilience of federal entities.”

He added, “During the meeting, we reviewed the results of the National Agenda for Outbound Direct Investment for 2024, which showed that the UAE's cumulative outbound investments reached Dhs1.05 trillion, recording a 9 per cent growth compared to the previous year. The UAE ranks first in the Arab world and among the top 20 global economies in outbound foreign direct investment.”