Achievements

An ambitious vision for a sustainable future

The UAE Ministry of Finance (MoF) spearheads the nation’s financial resilience. Over the past several years, the Ministry has executed transformative reforms, championed fiscal innovation, and positioned the UAE as a trusted partner on the international financial stage. Guided by a commitment to transparency, efficiency, and sustainability, the Ministry’s achievements are not just milestones—they are pillars of national progress.

As we approach the UAE Centennial 2071, every achievement of the Ministry of Finance reflects the nation’s broader vision for long-term prosperity and global leadership. The Ministry is committed to developing a knowledge-based, diversified economy, institutionalising fiscal resilience for future generations, and leading by example in sustainable financial governance. These accomplishments are not merely the outcomes of strategic planning, but a result of bold vision, innovation, and unwavering dedication to national progress.

Federal Budget Framework
MoF's achievements
Sovereign bonds and Islamic treasury sukuk

In a historic first, the Ministry of Finance successfully launched the UAE’s inaugural sovereign bonds and Islamic Treasury Sukuk, establishing a diversified federal public debt framework.
These issuances:

  • Attracted broad international investor confidence across Asia, Europe, and the Americas.
  • Were oversubscribed multiple times, underscoring the UAE’s fiscal credibility.
  • Provided a benchmark yield curve for domestic market development.
  • Enabled the Ministry to build liquidity in local currency instruments.
  • Provided Sharia-compliant investment avenues.

Read more about T-Bonds and T-Sukuk.

A robust federal public debt strategy

The introduction of the Public Debt Strategy 2021–2023 marked a pivotal shift in managing sovereign debt. The strategy emphasized:

  • Deepening domestic capital markets.
  • Enhancing financial market infrastructure.
  • Supporting economic diversification.
  • Support the implementation of the fiscal policy of Central Bank of the UAE
  • Cover financial guarantees issued by the government.

Read more about The Federal Debt Management Office.

Federal general budget 2024–2026

The approval of the three-year federal budget of AED 192 billion reaffirmed the UAE’s fiscal strength and forward-looking plans. The budget:

  • Prioritises social development, education, and infrastructure.
  • Reflects a commitment to fiscal sustainability and strategic expenditure.
  • Maintains a budget surplus, strengthening investor confidence.

Read more about the Federal Budget.

Top-tier sovereign credit ratings

The Ministry’s stewardship earned the UAE:

  • Aa2 (Moody’s) and AA- (Fitch) ratings with stable outlooks.
  • Recognition for low debt-to-GDP ratios, prudent fiscal buffers, and policy agility.

Read more about the UAE’s credit ratings.

Implementation of federal corporate tax (2023)

For the first time in its history, the UAE introduced a federal corporate tax regime, aligning with international tax standards. Key impacts include:

  • Enhancing revenue diversification.
  • Promoting tax transparency and compliance.
  • Reinforcing the UAE’s role as a globally integrated financial jurisdiction.

Read more about corporate tax in the UAE.

Regulatory frameworks for PPPs and digital assets
  • Introduced a comprehensive public-private partnership (PPP) law, unlocking investment in infrastructure and services.
  • Initiated frameworks for digital assets and fintech regulation, ensuring safe adoption of financial innovation.

Read more about partnerships.

End-to-end automation of government financial transactions

The Ministry launched state-of-the-art platforms to digitise:

  • Federal procurement and payment systems.
  • Budget forecasting and financial reporting.
  • Real-time oversight of public sector financial performance.

Read more about the Digital Procurement Platform and the Accrual Accounting Program.

Blockchain and AI integration
  • Piloted blockchain applications in payment verification and audit trails.
  • Leveraged AI for predictive analytics in budgeting and expenditure.

Read more about Blockchain and AI in MoF.

Strategic engagement in global financial forums

The Ministry has strengthened the UAE’s voice in:

  • G20 working groups on tax and sustainable finance.
  • IMF and World Bank policy dialogues.
  • Regional partnerships through the Arab Monetary Fund and GCC finance coordination mechanisms.

Read more about MoF International Affairs.

Leadership in sustainable finance
  • Launched initiatives to explore green bonds and ESG-aligned financial instruments.
  • Developed policy frameworks supporting climate-resilient investment financing.

Read more about Leadership in sustainable finance.

 

Highlights in the Journey of Achieving Sustainable National Development

The total budget for the previous four strategic cycles amounted to AED 839.5 billion

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