Federal budget reports AED9.75b surplus in H1

SourceEmirates Business
SectorEconomy
CountryUnited Arab Emirates

Abu Dhabi / WAMThe total expenditure of the UAE federal government amounted to as much as AED24,997,691,014 by the end of the second quarter of this year (Q2), according to the Budget Execution Report, released by the Ministry of Finance. The report puts the total revenues at AED34,744,272,796, which results in a total surplus of around AED9.75 billion by the end of Q2. According to the figures, the budget posted a surplus of AED1.8 billion by the end of the first quarter and AED7.95 billion in Q2. In further detail, the Ministry of Finance’s revenues by the end of the second quarter hit AED19,451,573, while those of the Ministry of Human Resources and Emiratisation stood at AED1,989,723,992 and the Ministry of Infrastructure Development at AED5,462,148. In terms of expenses, the ...read more...