UAE posts $2.65 billion in Q2 budget surplus

UAE posts $2.65 billion in Q2 budget surplus

ABU DHABI “” The total expenditure of the United Arab Emirates' federal government amounted to 24.99 billion dirhams ($6.8 billion) by the end of the second quarter of the current financial year 2020, according to the budget report, released by the Ministry of Finance on Monday.The report puts the total revenues at 34.74 billion dirhams, which results in a total surplus of around 9.75 billion dirhams by the end of Q-2. According to the figures, the budget posted a surplus of 1.8 billion dirhams by the end of the first quarter and 7.95 billion