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UAE Budget Committee Reviews 2026 Draft Plan in Ongoing Fiscal Oversight
The General Budget Committee of the United Arab Emirates convened its 14th session to examine the federal draft budget for the 2026 fiscal year, continuing its oversight under the 2022–2026 budget framework.
The meeting was chaired by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, and Chairman of the Presidential Court. Also in attendance were His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, and Minister of Finance; 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 senior officials from the Presidential Court and the Ministry of Finance.
The committee reviewed updates made to the 2026 draft budget in accordance with directives issued during its previous meeting in July 2025. These updates were carried out through coordination between the Ministry of Finance and federal entities, in alignment with Federal Decree-Law No. (26) of 2019 on Public Finance and its amendments.
Discussions included a review of actual federal revenues collected through August 2025 and projections for 2026, based on revised tax legislation and input from relevant government bodies. The committee also assessed the financial position for the current fiscal year, examining data on expenditures and revenues to date, which reflect positive performance across multiple sectors.
Additional agenda items included financing requests for strategic projects and progress reports on capital and development initiatives completed thus far in fiscal year 2025. All deliberations adhered to existing financial policy frameworks.
The Ministry of Finance was commended for its coordination efforts and progress in updating the 2026 draft budget. The federal budget remains a central instrument in the UAE’s economic planning, aimed at ensuring financial efficiency and meeting national development goals.
The Cabinet previously approved the federal budget for 2025, with both revenues and expenditures projected at AED 71.5 billion, maintaining fiscal balance.
Photo credits: Government of Dubai Media Office
Oksana Bozhko is a Contributor to Dubai Voice.
Oksana Bozhko
Vladyslava Garkusha
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