Home News UAE: 87.4 billion dirhams of public spending during the first quarter

UAE: 87.4 billion dirhams of public spending during the first quarter

by Dubai Forum
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Abu Dhabi (WAM) The UAE’s public expenditure rose to 87.4 billion dirhams in the first quarter of this year, an increase of 19.6% or 14.34 billion dirhams compared to around 73.7 billion dirhams in the same period last year 2021, according to the government’s financial information statistics published for the Ministry of Finance. According to data from the Ministry of Finance, state-level public spending in the first quarter of this year included about 28.7 billion dirhams for workers’ compensation, compared with compensation of about 24.6 billion dirhams in the comparable period from 2021, an increase of 16.6%. or the equivalent of 4.1 billion dirhams. Workers’ compensation is the sum of cash and kind payable to government employees and includes salaries, allowances, bonuses and other benefits, as well as social contributions paid to social insurance programs on behalf of employees. Public expenditure included about 30.9 billion dirhams on the use of goods and services, 14.1 billion dirhams on social services, 6.4 billion dirhams on financial subsidies, 1.7 billion dirhams on interest, 1.6 billion dirhams on consumption of fixed capital, 304 million dirhams for subsidies and 3.8 billion dirhams. for other expenses. Statistics showed that revenue amounted to 123.8 billion dirhams in the first quarter of this year, an increase of 39.1% or 34.8 billion dirhams compared to about 88.9 billion dirhams in the same period last year 2021. The revenue in the first quarter of this year was distributed with 56.7 A billion dirhams in taxes on companies that extract oil and natural gas producers, on banks operating in the state, customs and some other fees, and social contributions amounted to about 4.9 billion dirhams, while other income amounted to 62.2 billion dirhams.

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