The UAE's government revenues amounted to AED 115.6 billion ($31.4 billion), while government expenditures amounted to AED 92.5 billion ($25.1 billion). Revenues comprised AED 63.5 billion ($17.2 billion) in tax revenues, AED 3.9 billion ($1 billion) in social contribution revenues, and AED 48.2 billion ($13.1 billion) in other income including property income from assets, sales of goods and services, fines and unclassified transfers.
According to data from the Ministry of Finance, expenditures nationwide during the first quarter of 2023, amounting to AED 92.5 billion ($ 25.1 billion), were distributed between capital expenditures and current expenses, which include compensation of workers, use of goods and services, consumption of fixed capital, interest paid, subsidies, grants, social benefits, and other transfers.
Source (Al-Asharq Al-Awsat Newspaper, Edited)
