The International Monetary Fund (IMF) has predicted that the UAE government's primary budget will achieve a surplus of 5% of GDP in 2023 and maintain surpluses above 2.5% during the period until 2028.
The IMF expects government revenues to account for 33% of GDP this year, compared to 35.4% in 2022, and for total revenues to range between 33% and 30.1% until 2028. Government spending this year is expected to rise to 28.6% of GDP, compared to 26.4% in 2022. Total government spending will range between 28.6% and 28.1% over the next five years.
Source (Al Khaleej Emirati Newspaper, Edited)
