The UAE Cabinet, approved a federal budget with an expenditure volume of 290 billion dirhams (78.96 billion dollars) until 2026, in its session held at the Emirates Pavilion at Expo 2020 Dubai.
H. H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, considered that "the approval of the federal budget until 2026, with a total of 290 billion dirhams, comes as the UAE enters the next 50 years with confidence, optimism and global aspirations."
The Council also approved the appointment of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum as Chairman of the General Budget Committee of the Federation and Chairman of the Federal Tax Authority, H.E. Sheikh Shakhboot Al Nahyan as Chairman of the Executive Committee of the UAE-Saudi Coordination Council, and H.E. Sheikh Mohammed bin Abdullah bin Sultan Al Nuaimi, as Chairman of the Judicial Coordination Council. The Cabinet also approved cybersecurity standards for government agencies proposed by the Emirates Cyber Security Council. In addition to the approval of the establishment of the Emirates Infrastructure and Housing Council headed by H.E. Suhail Mohammed Faraj Al Mazroui, the Energy Minister in UAE, with the aim of unifying federal and local housing efforts, consolidating coordination with regard to road and infrastructure projects, and building an urban and housing road map for the United Arab Emirates.
Source (Al-Arabiya.net website, Edited)