UAE Approves Record AED 92.4 Billion Federal Budget for 2026

The UAE Cabinet, led by Sheikh Mohammed bin Rashid Al Maktoum, approved the 2026 federal budget totaling AED 92.4 billion, marking the largest budget in the country's history and a 29% increase from the previous year. This budget reflects strong confidence in the national economy and aligns with the 'We the UAE 2031' vision, focusing on diversified economic growth and sustainable development. Major allocations include 37% for social development and pensions, with significant funding directed toward education, healthcare, infrastructure, and community services to ensure balanced economic and social stability. The budget also supports the federal financial system's long-term sustainability and reinforces the UAE's position as a global hub for sustainable development. Additionally, the UAE continues expanding its global economic reach, with foreign direct investment abroad increasing by 9%, highlighting the nation's growing international economic influence. These measures collectively demonstrate the UAE's commitment to financial readiness, prosperity, and cohesive societal advancement.