The financial data of the consolidated government of the UAE revealed that the surplus-value increased during the first nine months of 2019 to 66.32 billion dirhams, representing an increase of 0.04 percent compared to 66 billion dirhams in the same period of 2018.
The surplus in the consolidated finance, which includes the federal budget and the budgets of local governments, came as a result of the rise in the value of revenues to the level of 359.2 billion dirhams during the period from January to September of last year, while the value of expenses amounted to about 292.88 billion dirhams in the same period.
The revenues achieved by the consolidated financial statement during the first 9 months of 2019 constitute about 75.2% of the total revenue generated throughout the year 2018, amounting to 477.634 billion dirhams. While expenditures accounted for 75.4% of the total expenses in the same period in comparison.
The Ministry of Finance data revealed that the consolidated government financial revenue grew by 3.5% during the first 9 months of 2019 compared to 347.15 billion dirhams in the same period of 2018.
Source (Al-Khaleej Newspaper – UAE, Edited)
