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UAE Fed gov’t revenue seen at AED 30 bln in 6M

UAE Fed gov’t revenue seen at AED 30 bln in 6M
Arecent report issued by the UAE’s Ministry of Finance (MoF) revealed that the country’s federal government has spent AED 24.25 billion during the first six months of the year, whereas its actual revenue to the budget during the same period reached AED 29.78 billion. Accordingly, the actual budget surplus has amounted to AED 5.53 billion, according to Al Bayan newspaper.

Based on the financial performance report for the execution of the public budget for the federal government, issued by the MoF, total revenue was seen at AED 58.21 billion, of which the ministries were allocated AED 46.18 billion, while independent federal bodies received AED 12.03 billion.