FNC approves Union General Budget for Fiscal Year 2026

The Federal National Council (FNC) approved a federal draft law on Tuesday, linking the Union General Budget and the budgets of independent federal entities for the fiscal year 2026.

The cabinet approved a total budget of AED92.4 bilion, compared to AED71.5 billion in 2025, representing a jump of nearly 29 per cent.

Saqr Ghobash, Speaker of the Federal National Council (FNC), stated that the budget approval, the largest in the nation’s history, reaffirms that the UAE continues on an upward trajectory of growth and stability, and that its financial policies are rooted in confidence in its own capabilities and forward-looking vision.

He emphasised the budget is not merely a record figure, but a strategic message of confidence that reflects the maturity of the country’s financial management and its ability to balance sustainability with development, and present well-being with future preparedness.

Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, said the budget reflects the strength of the national economy and the UAE’s commitment to supporting sustainable development.

He noted that the UAE’s fiscal policies are increasingly capable of responding to global changes and more focused on generating added value for the national economy. The emphasis on vital sectors, foremost among them education, health, infrastructure, and social development, demonstrates the country’s belief that investment in people and innovation is the most important driver of sustainable economic growth.