UAE federal budget records Dhs9.75bn surplus in H1 2020

  • Date: 08-Sep-2020
  • Source: Gulf Business
  • Sector:Economy
  • Country:UAE
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UAE federal budget records Dhs9.75bn surplus in H1 2020

The total spending of the UAE federal government amounted to Dhs24.9bn by the end of Q2 2020, according to a Budget Execution Report released by the Ministry of Finance on Monday.

The federal government's total revenues meanwhile were reported to be Dhs34.7bn.

Therefore, the total budget surplus stands at around Dhs9.75bn, reported official news agency WAM.

A further breakdown revealed that the budget surplus by the end of Q1 was Dhs1.8bn, whereas by the end of Q2 it rose to Dhs7.95bn.

The finance ministry's revenues for the quarter ending June hit Dhs19.451bn, while those of the Ministry of Human Resources and Emiratisation (MOHRE) were reported at Dhs1.9bn and that of the Ministry of Infrastructure Development was Dhs5.4bn.

In terms of expenses, the Ministry of Education spent Dhs2.97bn, while the Ministry of