FNC Approves Historic Union General Budget Of AED 92.4 Billion For Fiscal Year 2026

The Federal National Council (FNC) convened its second session of the third ordinary term of the 18th legislative chapter at Zayed Hall, Abu Dhabi. Chaired by Saqr Ghobash, the FNC approved a federal draft law linking the Union General Budget and budgets of independent federal entities for 2026. Mohamed Hadi Al Hussaini, Minister of State for Financial Affairs, was present during this significant session.

Ghobash highlighted that approving the 2026 federal budget, the largest in UAE history, signifies ongoing growth and stability. He noted that the budget reflects confidence in national capabilities and a forward-looking vision. It is not just a financial figure but a strategic message showcasing mature financial management and balancing sustainability with development.

Al Hussaini explained that the Cabinet's approval of the AED92.4 billion Union General Budget for 2026 marks a nearly 29% increase from AED71.5 billion in 2025. This substantial rise underscores the strength of the national economy and commitment to sustainable development. The budget represents an advanced model of financial planning based on future foresight.

The UAE's fiscal policies are increasingly adept at responding to global changes while focusing on generating added value for the national economy. Emphasising vital sectors such as education, health, infrastructure, and social development demonstrates a belief that investing in people and innovation drives sustainable economic growth.

Al Hussaini further elaborated that the 2026 budget is designed to adapt to global shifts while prioritising essential sectors. "The emphasis on vital sectors, foremost among them education, health, infrastructure, and social development," he stated, "demonstrates the country’s belief that investment in people and innovation is the most important driver of sustainable economic growth."

This strategic approach ensures that UAE's financial policies remain robust and capable of fostering long-term economic resilience. The focus remains on creating added value within the national economy through careful planning and investment in key areas.

The FNC's approval of this record-breaking budget highlights UAE's commitment to maintaining growth momentum while ensuring financial stability. By aligning fiscal strategies with developmental goals, it aims to secure a prosperous future for its citizens.

With inputs from WAM